Barclays PLC Buys Shares of 403,219 First Majestic Silver Corp. (NYSE:AG)

Barclays PLC purchased a new position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 403,219 shares of the mining company’s stock, valued at approximately $2,419,000. Barclays PLC owned about 0.13% of First Majestic Silver at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in First Majestic Silver by 11.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 203,260 shares of the mining company’s stock valued at $1,203,000 after buying an additional 20,270 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of First Majestic Silver by 6.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,320 shares of the mining company’s stock valued at $493,000 after purchasing an additional 4,797 shares during the last quarter. International Assets Investment Management LLC lifted its position 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. Commonwealth Equity Services LLC bought a new stake in First Majestic Silver during the 2nd quarter valued at approximately $325,000. Finally, Capital Management Associates Inc grew its holdings in First Majestic Silver by 73.3% in the 2nd quarter. Capital Management Associates Inc now owns 26,000 shares of the mining company’s stock valued at $154,000 after buying an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AG. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th. HC Wainwright reissued a “buy” rating and issued a $8.50 price target on shares of First Majestic Silver in a report on Friday, October 18th.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $5.58 on Thursday. First Majestic Silver Corp. has a one year low of $4.17 and a one year 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. The business has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $6.14. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -20.67 and a beta of 1.25.

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

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.0048 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.34%. This is an increase 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%.

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.