Quadrature Capital Ltd Sells 279,500 Shares of First Majestic Silver Corp. (NYSE:AG)

Quadrature Capital Ltd cut its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 312,200 shares of the mining company’s stock after selling 279,500 shares during the quarter. Quadrature Capital Ltd owned about 0.11% of First Majestic Silver worth $1,918,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new stake in shares of First Majestic Silver during the fourth quarter worth $43,000. Sprott Inc. boosted its holdings in First Majestic Silver by 0.5% during the fourth quarter. Sprott Inc. now owns 787,862 shares of the mining company’s stock worth $4,838,000 after buying an additional 4,257 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of First Majestic Silver by 2.9% during the 4th quarter. CIBC Asset Management Inc now owns 281,178 shares of the mining company’s stock worth $1,731,000 after buying an additional 7,900 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of First Majestic Silver in the 4th quarter valued at about $1,266,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of First Majestic Silver in the 4th quarter valued at approximately $69,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AG. HC Wainwright restated a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a report on Thursday, May 9th. Scotiabank upped their price objective on shares of First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Finally, StockNews.com upgraded First Majestic Silver to a “sell” rating in a report on Monday, February 26th.

First Majestic Silver Trading Down 0.8 %

Shares of AG stock opened at $5.99 on Tuesday. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 1.77. The firm has a fifty day moving average of $7.03 and a 200-day moving average of $5.99.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Wednesday, May 8th. The mining company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $106.01 million for the quarter. First Majestic Silver had a negative return on equity of 3.28% and a negative net margin of 9.18%. On average, analysts predict that First Majestic Silver Corp. will post -0.03 EPS for the current fiscal year.

First Majestic Silver Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $0.004 dividend. This represents a $0.02 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, May 16th. First Majestic Silver’s payout ratio is -6.25%.

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.