First Majestic Silver Corp. (NYSE:AG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,985,680 shares of the mining company's stock after buying an additional 266,864 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 2.43% of First Majestic Silver worth $43,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Realta Investment Advisors purchased a new position in shares of First Majestic Silver in the 4th quarter worth approximately $1,357,000. SG Americas Securities LLC grew its position in First Majestic Silver by 123.3% during the 4th quarter. SG Americas Securities LLC now owns 173,176 shares of the mining company's stock worth $1,065,000 after purchasing an additional 95,613 shares during the last quarter. Van ECK Associates Corp grew its position in First Majestic Silver by 3.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,631,966 shares of the mining company's stock worth $152,012,000 after purchasing an additional 1,079,150 shares during the last quarter. Toronto Dominion Bank grew its position in First Majestic Silver by 5.8% during the 3rd quarter. Toronto Dominion Bank now owns 71,753 shares of the mining company's stock worth $368,000 after purchasing an additional 3,924 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in First Majestic Silver by 17.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 619,920 shares of the mining company's stock worth $3,191,000 after purchasing an additional 90,526 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Stock Performance

NYSE:AG traded up $0.29 during trading hours on Friday, hitting $7.79. 15,407,777 shares of the company were exchanged, compared to its average volume of 9,465,048. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. First Majestic Silver Corp. has a 52-week low of $4.17 and a 52-week high of $8.07. The company's 50 day moving average price is $5.16 and its 200-day moving average price is $5.34. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -16.23 and a beta of 1.43.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 1.85%. The business had revenue of $136.95 million during the quarter. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, research analysts forecast that First Majestic Silver Corp. will post -0.06 earnings per share for the current year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.0048 per share. This represents a $0.02 annualized dividend and a yield of 0.25%. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, March 13th. First Majestic Silver's payout ratio is presently -4.17%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com raised shares of First Majestic Silver to a "sell" rating in a research report on Monday, February 26th. HC Wainwright dropped their target price on shares of First Majestic Silver from $12.00 to $6.75 and set a "buy" rating on the stock in a research report on Friday, January 19th.

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.