Guggenheim Capital LLC Has $1.21 Million Stock Position in First Majestic Silver Corp. (NYSE:AG)

Guggenheim Capital LLC decreased its position in First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR) by 30.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,067 shares of the mining company’s stock after selling 70,843 shares during the period. Guggenheim Capital LLC owned approximately 0.06% of First Majestic Silver worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AG. JPMorgan Chase & Co. grew its holdings in shares of First Majestic Silver by 5,383.0% in the 1st quarter. JPMorgan Chase & Co. now owns 4,825 shares of the mining company’s stock valued at $63,000 after buying an additional 4,737 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in First Majestic Silver by 52.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 46,051 shares of the mining company’s stock valued at $606,000 after acquiring an additional 15,787 shares in the last quarter. Citigroup Inc. bought a new stake in First Majestic Silver in the 1st quarter valued at $87,000. Dimensional Fund Advisors LP lifted its position in First Majestic Silver by 127.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,322,713 shares of the mining company’s stock valued at $17,408,000 after acquiring an additional 740,867 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in First Majestic Silver in the 1st quarter valued at $142,000. Institutional investors and hedge funds own 30.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. National Bank Financial cut their price objective on shares of First Majestic Silver from C$14.50 to C$11.00 in a research report on Tuesday, February 14th. HC Wainwright cut their price objective on shares of First Majestic Silver from $12.50 to $12.00 and set a “buy” rating on the stock in a research report on Friday, January 20th. BMO Capital Markets cut their price target on shares of First Majestic Silver from C$10.50 to C$9.00 in a research report on Friday, January 20th. Finally, TD Securities cut their price target on shares of First Majestic Silver from C$12.00 to C$11.00 in a research report on Monday, February 27th.

First Majestic Silver Trading Down 1.7 %

Shares of NYSE:AG opened at $6.43 on Tuesday. The company’s 50-day moving average price is $7.77 and its two-hundred day moving average price is $8.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.21 and a quick ratio of 1.83. First Majestic Silver Corp. has a one year low of $5.90 and a one year high of $14.59. The stock has a market capitalization of $1.76 billion, a PE ratio of -14.95 and a beta of 1.00.

First Majestic Silver (NYSE:AG – Get Rating) (TSE:FR) last released its quarterly earnings data on Thursday, February 23rd. The mining company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $197.59 million. First Majestic Silver had a negative return on equity of 3.73% and a negative net margin of 18.31%. During the same quarter in the prior year, the firm earned $0.02 earnings per share. On average, equities analysts forecast that First Majestic Silver Corp. will post 0.11 EPS for the current fiscal year.

First Majestic Silver Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.005 per share. The ex-dividend date is Thursday, March 9th. This represents a $0.02 annualized dividend and a dividend yield of 0.31%. First Majestic Silver’s dividend payout ratio is presently -4.65%.

About First Majestic Silver

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First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including the La Encantada Silver Mine, La Parrilla Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine, Santa Elena Silver & Gold Mine, and San Dimas Silver & Gold Mine.