Integrated Advisors Network LLC Reduces Holdings in First Majestic Silver Corp. (NYSE:AG)

Integrated Advisors Network LLC cut its holdings in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 80.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 14,105 shares of the mining company's stock after selling 58,500 shares during the period. Integrated Advisors Network LLC's holdings in First Majestic Silver were worth $94,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AG. Parallel Advisors LLC boosted its position in shares of First Majestic Silver by 1,221.6% in the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after acquiring an additional 3,506 shares during the last quarter. Allworth Financial LP raised its stake in First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after purchasing an additional 4,591 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in First Majestic Silver during the fourth quarter worth approximately $55,000. Littlejohn Financial Services Inc. acquired a new position in shares of First Majestic Silver in the 1st quarter valued at $68,000. Finally, Bank of Nova Scotia purchased a new stake in shares of First Majestic Silver during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AG shares. National Bank Financial raised First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. HC Wainwright upped their price target on First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research note on Friday, May 9th. Wall Street Zen raised First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. TD Securities upgraded First Majestic Silver to a "hold" rating in a report on Monday, March 10th. Finally, Scotiabank restated a "sector perform" rating and issued a $6.00 price target on shares of First Majestic Silver in a report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.75.

First Majestic Silver Stock Down 2.4%

NYSE AG traded down $0.21 during trading hours on Thursday, hitting $8.34. The company had a trading volume of 23,172,538 shares, compared to its average volume of 14,574,219. The firm's 50 day moving average is $6.60 and its 200 day moving average is $6.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.19 and a quick ratio of 2.74. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.70. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -28.77 and a beta of 0.74.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). First Majestic Silver had a negative return on equity of 0.14% and a negative net margin of 12.32%. The company had revenue of $241.12 million during the quarter, compared to analysts' expectations of $358.65 million. During the same period in the previous year, the company earned ($0.05) EPS. First Majestic Silver's quarterly revenue was up 41.6% on a year-over-year basis. Sell-side analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.0045 dividend. This represents a yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio is presently -6.90%.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.