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

Integrated Advisors Network LLC lessened its holdings in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 80.6% during the 1st quarter, according to its most recent Form 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 quarter.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of First Majestic Silver by 1,221.6% during the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock valued at $25,000 after purchasing an additional 3,506 shares during the last quarter. Allworth Financial LP boosted 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 buying an additional 4,591 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in First Majestic Silver during the fourth quarter valued at $55,000. Littlejohn Financial Services Inc. purchased a new stake in shares of First Majestic Silver in the first quarter valued at $68,000. Finally, Bank of Nova Scotia purchased a new stake in shares of First Majestic Silver in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Trading Up 3.3%

Shares of First Majestic Silver stock traded up $0.28 on Tuesday, hitting $8.55. 27,624,451 shares of the company traded hands, compared to its average volume of 14,453,710. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.74 and a current ratio of 3.19. The stock's 50 day moving average price is $6.50 and its 200-day moving average price is $6.13. First Majestic Silver Corp. has a 52 week low of $4.43 and a 52 week high of $8.66.

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 analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. The firm had revenue of $241.12 million for the quarter, compared to the consensus estimate of $358.65 million. During the same period last year, the firm earned ($0.05) earnings per share. The company's revenue for the quarter was up 41.6% on a year-over-year basis. As a group, analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

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

Analyst Ratings Changes

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

About First Majestic Silver

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.