First Majestic Silver Corp. (NYSE:AG) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,901 shares of the mining company’s stock after buying an additional 12,171 shares during the period. Geode Capital Management LLC’s holdings in First Majestic Silver were worth $825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AG. Blue Trust Inc. boosted its stake in First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock valued at $31,000 after purchasing an additional 2,253 shares during the period. Dark Forest Capital Management LP acquired a new position in First Majestic Silver during the 2nd quarter valued at about $70,000. Y Intercept Hong Kong Ltd acquired a new position in First Majestic Silver during the 3rd quarter valued at about $70,000. Corundum Trust Company INC acquired a new position in First Majestic Silver during the 3rd quarter valued at about $72,000. Finally, Creative Planning acquired a new position in First Majestic Silver during the 3rd quarter valued at about $72,000. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Trading Down 0.7 %

Shares of NYSE:AG opened at $5.84 on Friday. The company has a 50 day moving average of $6.09 and a 200-day moving average of $6.10. The firm has a market cap of $1.76 billion, a P/E ratio of -21.63 and a beta of 1.25. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The business had revenue of $146.09 million during the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. As a group, analysts anticipate that First Majestic Silver Corp. will post -0.17 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.0048 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.02 annualized dividend and a dividend yield of 0.33%. First Majestic Silver’s dividend payout ratio is -3.70%.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday.

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.