First Majestic Silver Corp. (NYSE:AG) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 46.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,455,923 shares of the mining company's stock after purchasing an additional 1,420,937 shares during the period. Two Sigma Investments LP owned about 1.43% of First Majestic Silver worth $24,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AG. Tidal Investments LLC boosted its position in 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 acquiring an additional 7,816,177 shares during the last quarter. Vanguard Group Inc. boosted its position in First Majestic Silver by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock worth $62,784,000 after acquiring an additional 598,996 shares during the last quarter. Renaissance Technologies LLC boosted its position in First Majestic Silver by 897.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock worth $20,638,000 after acquiring an additional 3,382,443 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in First Majestic Silver by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company's stock worth $19,060,000 after acquiring an additional 121,892 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in First Majestic Silver by 115.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,520,359 shares of the mining company's stock worth $8,347,000 after acquiring an additional 814,153 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Trading Up 5.2%

NYSE:AG traded up $0.31 on Tuesday, hitting $6.20. The stock had a trading volume of 8,272,703 shares, compared to its average volume of 20,187,701. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -17.70 and a beta of 0.81. The company has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $6.00. First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.06.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted 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). The firm had revenue of $241.12 million during the quarter, compared to analyst estimates 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 previous year, the firm earned ($0.05) earnings per share. Equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. HC Wainwright boosted their price target on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Friday, May 9th. Scotiabank restated a "sector perform" rating and set a $6.00 price target on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.