Semanteon Capital Management LP Acquires 206,865 Shares of First Majestic Silver Corp. (NYSE:AG)

Semanteon Capital Management LP lifted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 374.7% during the fourth quarter, HoldingsChannel reports. The firm owned 262,067 shares of the mining company’s stock after purchasing an additional 206,865 shares during the period. Semanteon Capital Management LP’s holdings in First Majestic Silver were worth $1,439,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Tidal Investments LLC increased its stake in shares of First Majestic Silver by 1.8% in the third quarter. Tidal Investments LLC now owns 5,780,689 shares of the mining company’s stock worth $34,684,000 after purchasing an additional 99,640 shares during the period. National Bank of Canada FI increased its stake in shares of First Majestic Silver by 18.0% in the third quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock worth $4,102,000 after purchasing an additional 104,092 shares during the period. Sprott Inc. increased its stake in shares of First Majestic Silver by 26.3% in the fourth quarter. Sprott Inc. now owns 655,445 shares of the mining company’s stock worth $3,600,000 after purchasing an additional 136,348 shares during the period. Swiss National Bank increased its stake in shares of First Majestic Silver by 4.0% in the fourth quarter. Swiss National Bank now owns 595,700 shares of the mining company’s stock worth $3,272,000 after purchasing an additional 23,100 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of First Majestic Silver by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company’s stock worth $3,109,000 after purchasing an additional 18,219 shares during the period. 27.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AG. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. HC Wainwright restated a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a research note on Friday, February 21st. Scotiabank lowered their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. Finally, TD Securities upgraded First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.50.

First Majestic Silver Trading Down 2.7 %

Shares of AG opened at $7.05 on Friday. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -20.15 and a beta of 1.16. The stock’s 50-day moving average price is $5.83 and its 200 day moving average price is $6.09. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. As a group, research analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share 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 paid a $0.0057 dividend. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, February 28th. First Majestic Silver’s dividend payout ratio is currently -5.71%.

First Majestic Silver Company 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.