Fox Run Management L.L.C. Has $165,000 Stake in First Majestic Silver Corp. (NYSE:AG)

Fox Run Management L.L.C. increased its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,121 shares of the mining company’s stock after buying an additional 4,596 shares during the period. Fox Run Management L.L.C.’s holdings in First Majestic Silver were worth $165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AG. Toronto Dominion Bank increased its stake in shares of First Majestic Silver by 6.7% during the 3rd quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company’s stock worth $176,000 after purchasing an additional 1,855 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in First Majestic Silver by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company’s stock worth $2,030,000 after purchasing an additional 2,288 shares in the last quarter. Moors & Cabot Inc. increased its position in First Majestic Silver by 19.6% during the fourth quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company’s stock worth $94,000 after buying an additional 2,800 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in First Majestic Silver by 23.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 21,419 shares of the mining company’s stock valued at $118,000 after buying an additional 4,009 shares in the last quarter. Finally, Euro Pacific Asset Management LLC lifted its position in shares of First Majestic Silver by 10.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 45,723 shares of the mining company’s stock worth $262,000 after buying an additional 4,512 shares during the last quarter. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $6.76 on Friday. First Majestic Silver Corp. has a 12 month low of $4.43 and a 12 month high of $8.44. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.27 billion, a P/E ratio of -19.30 and a beta of 1.16. The business’s 50 day moving average is $5.96 and its two-hundred day moving average is $6.17.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The company had revenue of $172.34 million for the quarter, compared to the consensus estimate of $227.77 million. On average, equities analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.0057 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.34%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is currently -5.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AG. HC Wainwright reissued a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a report on Friday, February 21st. TD Securities upgraded shares of First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. Scotiabank decreased their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.50.

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.