Guggenheim Capital LLC Has $1.91 Million Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Guggenheim Capital LLC lowered its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 347,827 shares of the mining company’s stock after selling 21,429 shares during the quarter. Guggenheim Capital LLC owned 0.11% of First Majestic Silver worth $1,910,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC bought a new position in First Majestic Silver in the third quarter valued at $2,419,000. Realta Investment Advisors raised its holdings in First Majestic Silver by 16.8% during the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock worth $2,882,000 after acquiring an additional 71,456 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in First Majestic Silver by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company’s stock valued at $3,109,000 after purchasing an additional 18,219 shares during the last quarter. Principal Securities Inc. grew its stake in First Majestic Silver by 30.3% in the fourth quarter. Principal Securities Inc. now owns 21,500 shares of the mining company’s stock valued at $118,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of First Majestic Silver during the 4th quarter worth approximately $161,000. 27.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

AG has been the topic of a number of recent analyst reports. National Bankshares restated a “sector perform” rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Scotiabank reiterated a “sector perform” rating and issued a $6.00 target price on shares of First Majestic Silver in a research note on Wednesday, April 2nd. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. Finally, TD Securities upgraded First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.50.

First Majestic Silver Price Performance

First Majestic Silver stock opened at $6.52 on Monday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -18.61 and a beta of 0.97. The stock’s 50 day moving average is $6.13 and its 200-day moving average is $6.18. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a 12 month low of $4.43 and a 12 month high of $8.09.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share 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 firm had revenue of $172.34 million for the quarter, compared to analyst estimates of $227.77 million. Equities research analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.35%. First Majestic Silver’s dividend payout ratio (DPR) is currently -5.71%.

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.