XTX Topco Ltd Has $863,000 Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

XTX Topco Ltd cut its position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,203 shares of the mining company's stock after selling 114,545 shares during the period. XTX Topco Ltd owned approximately 0.05% of First Majestic Silver worth $863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in First Majestic Silver by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock valued at $62,784,000 after buying an additional 598,996 shares in the last quarter. Tidal Investments LLC raised its position in shares of First Majestic Silver by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 5,780,689 shares of the mining company's stock valued at $34,684,000 after purchasing an additional 99,640 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of First Majestic Silver by 897.8% in the 4th quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock valued at $20,638,000 after acquiring an additional 3,382,443 shares during the period. Trexquant Investment LP lifted its holdings in shares of First Majestic Silver by 161.0% during the fourth quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company's stock worth $5,637,000 after purchasing an additional 633,413 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of First Majestic Silver by 19.4% during the fourth quarter. National Bank of Canada FI now owns 816,288 shares of the mining company's stock worth $4,485,000 after purchasing an additional 132,661 shares during the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Stock Performance

Shares of NYSE AG traded down $0.04 during trading on Tuesday, reaching $6.42. The stock had a trading volume of 6,687,131 shares, compared to its average volume of 11,753,348. The stock has a market cap of $3.11 billion, a PE ratio of -18.36 and a beta of 0.97. First Majestic Silver Corp. has a one year low of $4.43 and a one year high of $8.09. The firm's 50 day moving average price is $6.14 and its two-hundred day moving average price is $6.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56.

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

First Majestic Silver Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on AG. Scotiabank reissued a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a report on Wednesday, April 2nd. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. HC Wainwright restated a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a report on Friday, February 21st. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, TD Securities upgraded First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, First Majestic Silver presently has an average rating of "Hold" and an average target price 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.