MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 714,027 Shares of First Majestic Silver Corp. (NYSE:AG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,024,341 shares of the mining company's stock after selling 714,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.25% of First Majestic Silver worth $38,585,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AG. Barclays PLC acquired a new position in First Majestic Silver during the 3rd quarter valued at $2,419,000. Fiduciary Family Office LLC bought a new stake in First Majestic Silver in the 4th quarter valued at $86,000. Euro Pacific Asset Management LLC grew its holdings in shares of First Majestic Silver by 10.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 45,723 shares of the mining company's stock worth $262,000 after purchasing an additional 4,512 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of First Majestic Silver by 7.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 98,352 shares of the mining company's stock worth $540,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of First Majestic Silver in the 4th quarter worth about $126,000. 27.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AG shares. TD Securities raised shares of First Majestic Silver to a "hold" rating in a report on Monday, March 10th. National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Scotiabank restated a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright raised their target price on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, StockNews.com upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $8.75.

First Majestic Silver Stock Down 0.8%

AG traded down $0.05 during trading on Friday, reaching $5.62. 16,803,572 shares of the stock were exchanged, compared to its average volume of 12,869,026. The stock has a market cap of $2.72 billion, a P/E ratio of -16.04 and a beta of 0.81. First Majestic Silver Corp. has a twelve month low of $4.43 and a twelve month high of $8.09. The stock's 50 day moving average price is $6.29 and its two-hundred day moving average price is $6.06. 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 issued its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The firm had revenue of $241.12 million for the quarter, compared to analyst estimates of $358.65 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. First Majestic Silver's quarterly revenue was up 41.6% on a year-over-year basis. Equities analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $0.0045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a yield of 0.32%. First Majestic Silver's dividend payout ratio (DPR) is -3.45%.

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.