Capital Fund Management S.A. Cuts Position in First Majestic Silver Corp. (NYSE:AG)

Capital Fund Management S.A. decreased its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 47.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 415,156 shares of the mining company’s stock after selling 369,166 shares during the period. Capital Fund Management S.A.’s holdings in First Majestic Silver were worth $6,564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Condire Management LP purchased a new stake in shares of First Majestic Silver during the first quarter valued at approximately $33,035,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in First Majestic Silver by 9.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,285,977 shares of the mining company’s stock valued at $66,838,000 after acquiring an additional 381,420 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in First Majestic Silver during the 1st quarter worth $1,169,000. Banque Cantonale Vaudoise raised its stake in shares of First Majestic Silver by 176.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 19,886 shares of the mining company’s stock valued at $310,000 after purchasing an additional 12,689 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in shares of First Majestic Silver by 80.0% during the first quarter. Trexquant Investment LP now owns 23,573 shares of the mining company’s stock worth $367,000 after purchasing an additional 10,479 shares during the last quarter. Hedge funds and other institutional investors own 30.07% of the company’s stock.

AG has been the topic of several research analyst reports. Zacks Investment Research raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Monday, August 16th. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price target (up previously from $23.50) on shares of First Majestic Silver in a research report on Thursday, July 15th. TD Securities reduced their price target on shares of First Majestic Silver from C$21.00 to C$20.00 and set a “hold” rating on the stock in a research report on Tuesday, August 17th. Finally, National Bank Financial reduced their price target on shares of First Majestic Silver from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Friday, September 10th.

AG opened at $11.79 on Monday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 32.75 and a beta of 0.93. First Majestic Silver Corp. has a fifty-two week low of $9.33 and a fifty-two week high of $24.01. The company’s 50-day moving average price is $12.67 and its 200 day moving average price is $15.05. The company has a quick ratio of 2.69, a current ratio of 3.08 and a debt-to-equity ratio of 0.13.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Sunday, August 15th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $154.07 million for the quarter. First Majestic Silver had a return on equity of 7.11% and a net margin of 16.67%. Research analysts anticipate that First Majestic Silver Corp. will post 0.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, August 26th were paid a $0.006 dividend. The ex-dividend date of this dividend was Wednesday, August 25th. This represents a $0.02 annualized dividend and a dividend yield of 0.20%. First Majestic Silver’s payout ratio is currently 11.11%.

About First Majestic Silver

First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including 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.

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Institutional Ownership by Quarter for First Majestic Silver (NYSE:AG)

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