Dynamic Technology Lab Private Ltd Buys 11,939 Shares of First Majestic Silver Corp. (NYSE:AG)

Dynamic Technology Lab Private Ltd boosted its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,751 shares of the mining company’s stock after acquiring an additional 11,939 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in First Majestic Silver were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AG. Van ECK Associates Corp grew its holdings in First Majestic Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company’s stock worth $173,478,000 after acquiring an additional 764,790 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of First Majestic Silver in the 2nd quarter worth approximately $3,904,000. Vanguard Group Inc. lifted its position in shares of First Majestic Silver by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock worth $61,456,000 after purchasing an additional 186,570 shares during the period. Seven Eight Capital LP acquired a new position in shares of First Majestic Silver in the 2nd quarter worth approximately $1,025,000. Finally, &PARTNERS acquired a new position in shares of First Majestic Silver in the 2nd quarter worth approximately $661,000. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Trading Down 0.3 %

Shares of First Majestic Silver stock opened at $6.12 on Friday. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -22.67 and a beta of 1.31. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.30.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The company had revenue of $146.09 million during the quarter. First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. On average, equities analysts expect that First Majestic Silver Corp. will post -0.17 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.0048 dividend. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, November 15th. First Majestic Silver’s dividend payout ratio (DPR) is currently -3.70%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AG. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th. HC Wainwright reiterated a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research note on Friday, October 18th.

First Majestic Silver 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.