Y Intercept Hong Kong Ltd Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

Key Points

• Y Intercept Hong Kong Ltd has purchased 109,039 shares of First Majestic Silver Corp., valued at approximately $729,000, as indicated in their latest 13F filing.
• First Majestic Silver reported $0.05 earnings per share for the most recent quarter, missing estimates and showing a 41.6% increase in revenue to $241.12 million compared to the same quarter last year.
• The company recently declared a dividend of $0.0045 per share, yielding 0.32%, and its dividend payout ratio is currently at -3.45%.

Y Intercept Hong Kong Ltd acquired a new stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 109,039 shares of the mining company's stock, valued at approximately $729,000.

Several other large investors have also bought and sold shares of AG. Parallel Advisors LLC lifted its holdings in shares of First Majestic Silver by 1,221.6% during 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 last quarter. Bank of Nova Scotia purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $57,000. Captrust Financial Advisors purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $58,000. Focus Financial Network Inc. purchased a new position in shares of First Majestic Silver during the first quarter valued at approximately $67,000. Finally, Littlejohn Financial Services Inc. bought a new stake in shares of First Majestic Silver during the first quarter valued at approximately $68,000. 27.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Scotiabank raised 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, HC Wainwright raised 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. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9.63.

First Majestic Silver Stock Performance

AG traded down $0.31 during trading on Wednesday, hitting $8.08. The company's stock had a trading volume of 16,752,696 shares, compared to its average volume of 18,248,516. 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 Corp. has a one year low of $4.43 and a one year high of $9.48. The firm has a market cap of $3.94 billion, a PE ratio of -27.86 and a beta of 0.82. The business's 50 day simple moving average is $8.03 and its 200-day simple moving average is $6.70.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $241.12 million during the quarter, compared to analysts' expectations of $358.65 million. During the same period last year, the company earned ($0.05) earnings per share. The business's revenue for the quarter was up 41.6% on a year-over-year basis. As a group, sell-side analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.0045 dividend. The ex-dividend date was Friday, May 16th. This represents a yield of 0.32%. First Majestic Silver's dividend payout ratio is presently -6.90%.

First Majestic Silver Company 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.