XTX Topco Ltd Sells 43,363 Shares of First Majestic Silver Corp. (NYSE:AG)

XTX Topco Ltd cut its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 72.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,878 shares of the mining company’s stock after selling 43,363 shares during the quarter. XTX Topco Ltd’s holdings in First Majestic Silver were worth $100,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new stake in shares of First Majestic Silver during the 4th quarter worth $43,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in First Majestic Silver in the first quarter worth about $48,000. B. Riley Wealth Advisors Inc. purchased a new position in First Majestic Silver in the first quarter valued at about $62,000. Capstone Investment Advisors LLC bought a new position in shares of First Majestic Silver during the 4th quarter valued at approximately $69,000. Finally, International Assets Investment Management LLC increased its stake in shares of First Majestic Silver by 39.5% during the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock worth $83,000 after purchasing an additional 3,960 shares during the last quarter. 27.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a report on Friday, September 6th. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th.

First Majestic Silver Stock Up 3.3 %

First Majestic Silver stock opened at $6.20 on Wednesday. The firm has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $6.29. The company has a current ratio of 3.05, a quick ratio of 2.44 and a debt-to-equity ratio of 0.17. First Majestic Silver Corp. has a 1-year low of $4.17 and a 1-year high of $8.44. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -38.75 and a beta of 1.35.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $129.74 million. First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.39%. First Majestic Silver’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, analysts predict that First Majestic Silver Corp. will post -0.13 earnings per share for the current year.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.0046 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, August 16th. First Majestic Silver’s payout ratio is -6.25%.

First Majestic Silver 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.