First Majestic Silver Corp. (NYSE:AG) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 81.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,645 shares of the mining company's stock after selling 443,775 shares during the quarter. Marshall Wace LLP's holdings in First Majestic Silver were worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after acquiring an additional 4,591 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new position in First Majestic Silver during the 4th quarter worth approximately $55,000. Bank of Nova Scotia acquired a new position in First Majestic Silver during the 4th quarter worth approximately $57,000. Kingswood Wealth Advisors LLC purchased a new position in First Majestic Silver in the fourth quarter worth $82,000. Finally, Fiduciary Family Office LLC acquired a new stake in shares of First Majestic Silver in the fourth quarter valued at about $86,000. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Stock Up 6.0 %

NYSE AG traded up $0.36 on Tuesday, hitting $6.39. 25,206,558 shares of the stock traded hands, compared to its average volume of 12,350,842. The company has a market capitalization of $3.10 billion, a P/E ratio of -18.26 and a beta of 0.81. The stock has a 50-day moving average of $6.26 and a 200 day moving average of $6.16. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a twelve month low of $4.43 and a twelve month high of $8.09.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. As a group, analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.36%. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 28th. First Majestic Silver's dividend payout ratio (DPR) is presently -5.71%.

Analyst Ratings Changes

A number of research firms recently weighed in on AG. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. TD Securities raised First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. Scotiabank reissued 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. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Finally, HC Wainwright reissued a "buy" rating and issued a $11.00 target price on shares of First Majestic Silver in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $8.50.

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.