First Majestic Silver Corp. (NYSE:AG) Stake Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 95.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,899 shares of the mining company’s stock after selling 5,016,287 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of First Majestic Silver worth $1,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC boosted its position in shares of First Majestic Silver by 135.2% in the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company’s stock valued at $74,647,000 after acquiring an additional 7,816,177 shares during the period. Renaissance Technologies LLC grew its position in First Majestic Silver by 897.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company’s stock valued at $20,638,000 after acquiring an additional 3,382,443 shares during the period. Two Sigma Investments LP increased its position in shares of First Majestic Silver by 46.8% during the 4th quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company’s stock worth $24,463,000 after purchasing an additional 1,420,937 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of First Majestic Silver by 115.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,520,359 shares of the mining company’s stock worth $8,347,000 after purchasing an additional 814,153 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in First Majestic Silver by 161.0% in the fourth quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company’s stock valued at $5,637,000 after buying an additional 633,413 shares in the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AG. Wall Street Zen raised First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. HC Wainwright upped their price target on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a “buy” rating in a research report on Friday, May 9th. National Bankshares restated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Scotiabank reaffirmed a “sector perform” rating and issued a $6.00 target price on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Finally, TD Securities raised First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.75.

First Majestic Silver Trading Down 1.7%

AG opened at $8.27 on Monday. The firm has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $6.04. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -23.63 and a beta of 0.74. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The business’s revenue was up 41.6% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, sell-side analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.0045 per share. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver’s dividend payout ratio is currently -3.45%.

About First Majestic Silver

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.