11,630 Shares in First Majestic Silver Corp. $AG Bought by Olympiad Research LP

Olympiad Research LP acquired a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,630 shares of the mining company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also made changes to their positions in AG. Geode Capital Management LLC boosted its position in shares of First Majestic Silver by 12.4% in the 2nd quarter. Geode Capital Management LLC now owns 240,083 shares of the mining company’s stock valued at $1,994,000 after purchasing an additional 26,553 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of First Majestic Silver by 30.9% during the second quarter. Jupiter Asset Management Ltd. now owns 9,013,216 shares of the mining company’s stock worth $74,539,000 after acquiring an additional 2,126,803 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of First Majestic Silver by 6.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 22,357 shares of the mining company’s stock valued at $185,000 after acquiring an additional 1,282 shares during the period. DJE Kapital AG acquired a new stake in First Majestic Silver during the 2nd quarter worth $5,615,000. Finally, Rathbones Group PLC grew its position in First Majestic Silver by 43.3% during the 2nd quarter. Rathbones Group PLC now owns 84,182 shares of the mining company’s stock worth $696,000 after purchasing an additional 25,450 shares during the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AG. TD Securities upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. Scotiabank upped their price objective on First Majestic Silver from $9.00 to $12.50 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. National Bankshares set a $22.00 price target on First Majestic Silver and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, National Bank Financial upgraded shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.33.

First Majestic Silver Stock Performance

Shares of AG stock opened at $12.05 on Friday. The company has a current ratio of 3.27, a quick ratio of 2.84 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $9.35. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -1,203.30 and a beta of 0.79. First Majestic Silver Corp. has a 12-month low of $5.09 and a 12-month high of $15.69.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Wednesday, November 5th. The mining company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). First Majestic Silver had a return on equity of 1.72% and a net margin of 1.78%.The business had revenue of $285.10 million for the quarter, compared to analyst estimates of $429.78 million. During the same period in the prior year, the company earned ($0.09) EPS. The company’s revenue was up 95.3% on a year-over-year basis. On average, equities analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.0052 dividend. This represents a $0.02 annualized dividend and a yield of 0.2%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Friday, November 14th. First Majestic Silver’s dividend payout ratio is currently 14.29%.

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.