Parvin Asset Management LLC Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

Parvin Asset Management LLC acquired a new stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,575 shares of the mining company's stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC acquired a new position in First Majestic Silver during the 3rd quarter worth $2,419,000. Realta Investment Advisors raised its stake in shares of First Majestic Silver by 16.8% during the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company's stock valued at $2,882,000 after purchasing an additional 71,456 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in First Majestic Silver by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company's stock worth $3,109,000 after purchasing an additional 18,219 shares during the period. Principal Securities Inc. grew its position in First Majestic Silver by 30.3% in the 4th quarter. Principal Securities Inc. now owns 21,500 shares of the mining company's stock valued at $118,000 after buying an additional 5,000 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in First Majestic Silver during the 4th quarter valued at about $2,442,000. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Trading Up 0.8 %

Shares of First Majestic Silver stock traded up $0.05 on Monday, reaching $5.96. 14,461,293 shares of the company were exchanged, compared to its average volume of 12,266,881. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.09. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -17.01 and a beta of 0.97. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $6.25 and a 200-day moving average price of $6.17.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million for the quarter, compared to analyst estimates 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, analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.0057 per share. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, February 28th. First Majestic Silver's payout ratio is -5.71%.

Analyst Ratings Changes

Several research firms have recently issued reports on AG. National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. TD Securities upgraded First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. 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. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $8.50.

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.