RFG Advisory LLC Purchases New Shares in First Majestic Silver Corp. (NYSE:AG)

RFG Advisory LLC purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 78,800 shares of the mining company's stock, valued at approximately $527,000.

Several other institutional investors have also recently made changes to their positions in AG. Tidal Investments LLC lifted its position in shares of First Majestic Silver by 135.2% during the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock worth $74,647,000 after purchasing an additional 7,816,177 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of First Majestic Silver by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock valued at $62,784,000 after acquiring an additional 598,996 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of First Majestic Silver by 46.8% during the 4th quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock worth $24,463,000 after buying an additional 1,420,937 shares during the last quarter. Renaissance Technologies LLC lifted its position in First Majestic Silver by 897.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock valued at $20,638,000 after acquiring an additional 3,382,443 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Majestic Silver by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company's stock valued at $19,060,000 after purchasing an additional 121,892 shares during the period. Hedge funds and other institutional investors own 27.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. Wall Street Zen raised First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. HC Wainwright boosted their price target on First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8.75.

First Majestic Silver Stock Performance

NYSE AG traded up $0.05 on Tuesday, hitting $8.38. 26,875,678 shares of the company's stock were exchanged, compared to its average volume of 14,116,799. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12. The firm's 50-day moving average price is $6.23 and its two-hundred day moving average price is $6.05. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -23.93 and a beta of 0.74.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $241.12 million during the quarter, compared to analysts' expectations of $358.65 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The business's revenue for the quarter was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, research analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.0045 dividend. This represents a dividend yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio is currently -3.45%.

First Majestic Silver 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.