First Majestic Silver Corp. $AG Stock Position Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 408.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,041,912 shares of the mining company’s stock after acquiring an additional 12,081,688 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in First Majestic Silver were worth $250,821,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AG. Lodestone Wealth Management LLC bought a new stake in shares of First Majestic Silver during the 4th quarter worth $25,000. Spire Wealth Management bought a new stake in shares of First Majestic Silver during the 4th quarter worth $35,000. Aventura Private Wealth LLC bought a new stake in shares of First Majestic Silver during the 4th quarter worth $42,000. Trust Co. of Vermont bought a new stake in shares of First Majestic Silver during the 4th quarter worth $43,000. Finally, Sittner & Nelson LLC bought a new stake in shares of First Majestic Silver during the 4th quarter worth $50,000. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Price Performance

AG opened at $17.63 on Monday. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. First Majestic Silver Corp. has a 12-month low of $7.74 and a 12-month high of $32.03. The stock has a fifty day moving average of $20.32 and a 200-day moving average of $20.66. The firm has a market capitalization of $8.69 billion, a P/E ratio of 29.39 and a beta of 0.86.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The firm had revenue of $476.67 million for the quarter, compared to analysts’ expectations of $522.00 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. First Majestic Silver’s revenue was up 95.3% on a year-over-year basis. Equities analysts forecast that First Majestic Silver Corp. will post 0.74 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were issued a dividend of $0.0171 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 20th. First Majestic Silver’s dividend payout ratio is 11.67%.

Analyst Upgrades and Downgrades

AG has been the subject of several research reports. Zacks Research lowered First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. BMO Capital Markets upgraded First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Wall Street Zen lowered First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HC Wainwright increased their target price on First Majestic Silver to $30.75 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.25.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.