XTX Topco Ltd Cuts Holdings in First Majestic Silver Corp. (NYSE:AG)

XTX Topco Ltd decreased its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of First Majestic Silver by 1,221.6% in the first 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 period. Banque Cantonale Vaudoise bought a new stake in shares of First Majestic Silver in the first quarter valued at approximately $46,000. Bank of Nova Scotia bought a new stake in shares of First Majestic Silver in the fourth quarter valued at approximately $57,000. Captrust Financial Advisors bought a new stake in shares of First Majestic Silver in the fourth quarter valued at approximately $58,000. Finally, Focus Financial Network Inc. bought a new stake in shares of First Majestic Silver in the first quarter valued at approximately $67,000. Institutional investors own 27.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AG shares. HC Wainwright boosted their price target on shares of First Majestic Silver from $11.50 to $12.75 and gave the company a "buy" rating in a research report on Thursday, July 10th. Scotiabank boosted their price target on shares of First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a research report on Wednesday, July 9th. Finally, National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, First Majestic Silver has an average rating of "Hold" and an average target price of $9.63.

First Majestic Silver Price Performance

NYSE:AG traded down $0.06 during mid-day trading on Friday, hitting $8.68. 8,702,581 shares of the stock traded hands, compared to its average volume of 21,068,029. The business's 50-day moving average price is $8.29 and its 200 day moving average price is $6.80. The company has a market cap of $4.23 billion, a PE ratio of -29.84 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 company has a quick ratio of 2.74, a current ratio of 3.19 and a debt-to-equity ratio of 0.08.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued 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). The firm had revenue of $241.12 million for the quarter, compared to analysts' expectations of $358.65 million. First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. First Majestic Silver's revenue was up 41.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. On average, analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 32.0%. First Majestic Silver's 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.