Cambridge Investment Research Advisors Inc. Has $703,000 Stock Position in First Majestic Silver Corp. (NYSE:AG)

Cambridge Investment Research Advisors Inc. lifted its stake in shares of First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,311 shares of the mining company’s stock after purchasing an additional 10,048 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in First Majestic Silver were worth $703,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AG. Van ECK Associates Corp boosted its stake in First Majestic Silver by 1.3% in the fourth quarter. Van ECK Associates Corp now owns 26,311,164 shares of the mining company’s stock valued at $219,434,000 after buying an additional 331,050 shares in the last quarter. Vanguard Group Inc. boosted its stake in First Majestic Silver by 3.7% in the third quarter. Vanguard Group Inc. now owns 7,742,001 shares of the mining company’s stock valued at $58,994,000 after buying an additional 274,239 shares in the last quarter. Renaissance Technologies LLC boosted its stake in First Majestic Silver by 70.9% in the third quarter. Renaissance Technologies LLC now owns 2,143,938 shares of the mining company’s stock valued at $16,337,000 after buying an additional 889,800 shares in the last quarter. Deer Park Road Corp boosted its stake in First Majestic Silver by 10.1% in the third quarter. Deer Park Road Corp now owns 1,855,000 shares of the mining company’s stock valued at $14,135,000 after buying an additional 169,442 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in First Majestic Silver by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,441,276 shares of the mining company’s stock valued at $10,979,000 after buying an additional 13,324 shares in the last quarter. 30.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AG. TD Securities reduced their price objective on First Majestic Silver from C$11.00 to C$9.00 in a research note on Tuesday, March 21st. National Bank Financial reduced their price objective on First Majestic Silver from C$14.50 to C$11.00 in a research note on Tuesday, February 14th. StockNews.com began coverage on First Majestic Silver in a research note on Thursday, May 18th. They set a “sell” rating on the stock. Finally, HC Wainwright lowered their price objective on First Majestic Silver from $11.00 to $10.00 in a research note on Friday, May 5th.

First Majestic Silver Stock Performance

First Majestic Silver stock opened at $6.12 on Tuesday. The business has a 50 day moving average of $6.96 and a 200-day moving average of $7.78. First Majestic Silver Corp. has a 1 year low of $5.53 and a 1 year high of $9.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.81. The company has a market capitalization of $1.68 billion, a P/E ratio of -7.37 and a beta of 1.06.

First Majestic Silver (NYSE:AG – Get Rating) (TSE:FR) last released its quarterly earnings data on Thursday, February 23rd. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $148.20 million during the quarter, compared to analyst estimates of $197.59 million. First Majestic Silver had a negative net margin of 35.59% and a negative return on equity of 3.28%. During the same period in the prior year, the company earned $0.02 EPS. On average, equities research analysts predict that First Majestic Silver Corp. will post -0.02 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.006 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.02 annualized dividend and a dividend yield of 0.39%. First Majestic Silver’s dividend payout ratio is -2.41%.

First Majestic Silver Company Profile

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First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including the La Encantada Silver Mine, La Parrilla Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine, Santa Elena Silver & Gold Mine, and San Dimas Silver & Gold Mine.