Two Sigma Advisers LP Raises Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Two Sigma Advisers LP increased its holdings in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 90.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,715 shares of the mining company's stock after purchasing an additional 56,415 shares during the period. Two Sigma Advisers LP's holdings in First Majestic Silver were worth $652,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AG. Franklin Resources Inc. increased its stake in First Majestic Silver by 8.3% in the 4th quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock worth $128,000 after acquiring an additional 1,776 shares during the last quarter. CIBC Asset Management Inc increased its stake in First Majestic Silver by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock worth $2,030,000 after acquiring an additional 2,288 shares during the last quarter. Rathbones Group PLC increased its stake in First Majestic Silver by 4.3% in the 4th quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock worth $312,000 after acquiring an additional 2,325 shares during the last quarter. Moors & Cabot Inc. increased its stake in First Majestic Silver by 19.6% in the 4th quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock worth $94,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Numerai GP LLC increased its stake in First Majestic Silver by 14.6% in the 4th quarter. Numerai GP LLC now owns 27,792 shares of the mining company's stock worth $153,000 after acquiring an additional 3,550 shares during the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

First Majestic Silver Trading Down 1.7%

First Majestic Silver stock traded down $0.14 during mid-day trading on Friday, hitting $8.27. The company's stock had a trading volume of 41,754,580 shares, compared to its average volume of 13,976,089. The company has a 50 day moving average of $6.20 and a 200-day moving average of $6.04. The stock has a market cap of $4.00 billion, a PE ratio of -23.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. First Majestic Silver Corp. has a one year low of $4.43 and a one year high of $8.52.

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

First Majestic Silver Dividend Announcement

The company also recently announced 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 dividend yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio is -3.45%.

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.