First Majestic Silver Corp. (NYSE:AG) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC reduced its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 75.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the mining company’s stock after selling 30,000 shares during the quarter. FNY Investment Advisers LLC’s holdings in First Majestic Silver were worth $54,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in shares of First Majestic Silver in the third quarter worth about $2,419,000. Marshall Wace LLP acquired a new position in First Majestic Silver in the second quarter valued at approximately $3,904,000. National Bank of Canada FI boosted its position in First Majestic Silver by 18.0% in the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock worth $4,102,000 after purchasing an additional 104,092 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of First Majestic Silver by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock worth $18,701,000 after purchasing an additional 103,232 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of First Majestic Silver by 17.7% during the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock valued at $3,349,000 after purchasing an additional 83,867 shares in the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Trading Down 3.3 %

Shares of AG stock opened at $5.65 on Thursday. First Majestic Silver Corp. has a 1-year low of $4.17 and a 1-year high of $8.44. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -20.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The stock has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $6.09.

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

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.0048 dividend. This represents a $0.02 annualized dividend and a yield of 0.34%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, November 15th. First Majestic Silver’s payout ratio is presently -3.70%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a report on Friday, January 10th. Scotiabank lowered their target price on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday.

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.