Caption Management LLC Purchases Shares of 40,000 First Majestic Silver Corp. (NYSE:AG)

Caption Management LLC acquired a new position in shares of First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the mining company’s stock, valued at approximately $287,000.

Several other large investors also recently made changes to their positions in the company. Deer Park Road Corp grew its position in First Majestic Silver by 17.4% in the 2nd quarter. Deer Park Road Corp now owns 1,685,558 shares of the mining company’s stock valued at $12,102,000 after purchasing an additional 250,000 shares during the period. Capital Impact Advisors LLC grew its holdings in shares of First Majestic Silver by 56.6% during the second quarter. Capital Impact Advisors LLC now owns 31,403 shares of the mining company’s stock valued at $225,000 after buying an additional 11,353 shares during the last quarter. Virtu Financial LLC increased its position in shares of First Majestic Silver by 110.3% during the second quarter. Virtu Financial LLC now owns 29,364 shares of the mining company’s stock worth $211,000 after acquiring an additional 15,399 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Majestic Silver by 7.9% in the 2nd quarter. Wells Fargo & Company MN now owns 348,169 shares of the mining company’s stock worth $2,500,000 after acquiring an additional 25,409 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in First Majestic Silver during the 2nd quarter valued at about $9,005,000. 30.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AG. Citigroup set a $8.00 price target on First Majestic Silver in a report on Thursday, October 20th. TD Securities increased their price objective on shares of First Majestic Silver from C$11.00 to C$12.00 in a research note on Thursday, November 10th. HC Wainwright increased their price target on First Majestic Silver from $11.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, October 19th. Finally, National Bank Financial raised their target price on First Majestic Silver from C$11.75 to C$13.00 in a research report on Thursday, October 13th.

First Majestic Silver Stock Down 1.6 %

AG opened at $9.13 on Friday. The company has a 50 day moving average of $8.75 and a 200 day moving average of $8.05. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.18. First Majestic Silver Corp. has a 12 month low of $6.31 and a 12 month high of $14.59.

First Majestic Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Tuesday, November 22nd were paid a $0.0061 dividend. The ex-dividend date of this dividend was Monday, November 21st. This represents a $0.02 annualized dividend and a yield of 0.27%. First Majestic Silver’s dividend payout ratio is currently -5.13%.

First Majestic Silver Company Profile

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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. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.