WINTON GROUP Ltd Buys Shares of 38,000 First Majestic Silver Corp. $AG

WINTON GROUP Ltd bought a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,000 shares of the mining company’s stock, valued at approximately $633,000.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. grew its position in shares of First Majestic Silver by 2.9% in the fourth quarter. Harbour Investments Inc. now owns 24,656 shares of the mining company’s stock valued at $411,000 after purchasing an additional 697 shares in the last quarter. Moors & Cabot Inc. grew its position in First Majestic Silver by 2.8% during the third quarter. Moors & Cabot Inc. now owns 35,295 shares of the mining company’s stock worth $434,000 after buying an additional 945 shares in the last quarter. Bogart Wealth LLC grew its position in First Majestic Silver by 52.2% during the fourth quarter. Bogart Wealth LLC now owns 3,500 shares of the mining company’s stock worth $58,000 after buying an additional 1,200 shares in the last quarter. Choreo LLC boosted its holdings in shares of First Majestic Silver by 1.7% in the 4th quarter. Choreo LLC now owns 72,628 shares of the mining company’s stock worth $1,230,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of First Majestic Silver by 2.7% in the 3rd quarter. Mariner LLC now owns 51,588 shares of the mining company’s stock worth $634,000 after purchasing an additional 1,366 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Trading Down 5.1%

NYSE AG opened at $15.70 on Thursday. First Majestic Silver Corp. has a 1-year low of $7.74 and a 1-year high of $32.03. The company has a current ratio of 2.73, a quick ratio of 2.54 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $20.50 and a 200-day moving average of $20.58. The firm has a market cap of $7.75 billion, a PE ratio of 26.16 and a beta of 0.86.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $476.67 million for the quarter, compared to the consensus estimate of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The company’s revenue for the quarter was up 95.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. As a group, sell-side analysts forecast that First Majestic Silver Corp. will post 0.74 EPS for the current year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.0171 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, May 20th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.4%. First Majestic Silver’s dividend payout ratio (DPR) is currently 11.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AG. Scotiabank upgraded First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd. Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Wall Street Zen cut First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, BMO Capital Markets upgraded First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.25.

First Majestic Silver Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.