Swiss National Bank Has $3.71 Million Holdings in First Majestic Silver Corp. (NYSE:AG)

Swiss National Bank lessened its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 515,400 shares of the mining company’s stock after selling 58,300 shares during the period. Swiss National Bank owned 0.19% of First Majestic Silver worth $3,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its position in shares of First Majestic Silver by 105,048.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 47,055,036 shares of the mining company’s stock valued at $392,439,000 after buying an additional 47,010,285 shares during the last quarter. ETF Managers Group LLC bought a new stake in First Majestic Silver in the first quarter valued at about $93,028,000. Van ECK Associates Corp increased its stake in First Majestic Silver by 12.2% in the first quarter. Van ECK Associates Corp now owns 29,511,019 shares of the mining company’s stock valued at $212,774,000 after acquiring an additional 3,199,855 shares during the period. Renaissance Technologies LLC bought a new stake in First Majestic Silver in the second quarter valued at about $9,005,000. Finally, Two Sigma Investments LP bought a new stake in First Majestic Silver during the third quarter worth about $6,994,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

First Majestic Silver Trading Down 2.9 %

Shares of NYSE AG opened at $5.96 on Friday. The company’s 50 day simple moving average is $6.11 and its 200 day simple moving average is $6.40. First Majestic Silver Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $9.81. The firm has a market capitalization of $1.71 billion, a P/E ratio of -10.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.89 and a quick ratio of 2.43.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, August 3rd. The mining company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $146.69 million for the quarter. First Majestic Silver had a negative net margin of 25.46% and a negative return on equity of 3.26%. On average, analysts predict that First Majestic Silver Corp. will post -0.05 EPS for the current year.

First Majestic Silver Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th were issued a $0.005 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.02 annualized dividend and a yield of 0.34%. First Majestic Silver’s dividend payout ratio (DPR) is presently -3.51%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AG shares. HC Wainwright decreased their price target on shares of First Majestic Silver from $12.50 to $12.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. TD Securities decreased their price target on shares of First Majestic Silver from C$10.50 to C$10.00 in a research note on Friday, August 4th. Finally, StockNews.com began coverage on shares of First Majestic Silver in a report on Thursday, August 17th. They issued a “sell” rating on the stock.

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 that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.