XTX Topco Ltd Reduces Stock Position in First Majestic Silver Corp. (NYSE:AG)

XTX Topco Ltd cut its holdings in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,024 shares of the mining company's stock after selling 45,179 shares during the period. XTX Topco Ltd's holdings in First Majestic Silver were worth $749,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AG. Parallel Advisors LLC lifted its stake in shares of First Majestic Silver by 1,221.6% in the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after purchasing an additional 3,506 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of First Majestic Silver during the 1st quarter worth $46,000. Bank of Nova Scotia bought a new stake in shares of First Majestic Silver during the 4th quarter valued at $57,000. Captrust Financial Advisors purchased a new stake in shares of First Majestic Silver in the 4th quarter worth $58,000. Finally, Focus Financial Network Inc. purchased a new stake in shares of First Majestic Silver in the 1st quarter worth $67,000. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Trading Up 0.5%

Shares of First Majestic Silver stock traded up $0.04 during trading on Wednesday, hitting $8.39. The stock had a trading volume of 10,234,797 shares, compared to its average volume of 21,171,475. The stock has a market cap of $4.09 billion, a PE ratio of -28.93 and a beta of 0.72. First Majestic Silver Corp. has a 12 month low of $4.59 and a 12 month high of $9.48. The firm's fifty day simple moving average is $8.19 and its 200-day simple moving average is $6.77. 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 (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings results 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 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 prior year, the business earned ($0.05) EPS. The company's quarterly revenue was up 41.6% on a year-over-year basis. As a group, sell-side analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a dividend of $0.0045 per share. This represents a dividend yield of 32.0%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio is -6.90%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AG shares. HC Wainwright upped their price target on First Majestic Silver from $11.50 to $12.75 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Scotiabank raised their target price on shares of First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research note on Wednesday, July 9th. Finally, National Bank Financial upgraded shares of First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, First Majestic Silver has a consensus rating of "Hold" and a consensus target price of $9.63.

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.