Tudor Investment Corp ET AL Buys 220,056 Shares of First Majestic Silver Corp. $AG

Tudor Investment Corp ET AL increased its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 891.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,740 shares of the mining company’s stock after acquiring an additional 220,056 shares during the quarter. Tudor Investment Corp ET AL’s holdings in First Majestic Silver were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new stake in First Majestic Silver in the third quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its stake in shares of First Majestic Silver by 29,900.0% during the third quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after purchasing an additional 2,990 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of First Majestic Silver by 33.2% in the third quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock worth $48,000 after purchasing an additional 971 shares during the last quarter. Quarry LP purchased a new position in shares of First Majestic Silver in the third quarter worth $57,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of First Majestic Silver by 12,500.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,040 shares of the mining company’s stock worth $62,000 after buying an additional 5,000 shares during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AG has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of First Majestic Silver from $12.50 to $23.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. HC Wainwright raised their price target on shares of First Majestic Silver to $30.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Zacks Research upgraded shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $25.00.

First Majestic Silver Price Performance

AG opened at $20.65 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.96 and a current ratio of 3.38. The stock has a market capitalization of $10.18 billion, a PE ratio of 58.99 and a beta of 0.76. The stock’s 50 day moving average price is $24.01 and its 200-day moving average price is $17.50. First Majestic Silver Corp. has a 52-week low of $5.18 and a 52-week high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, February 19th. The mining company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $463.92 million during the quarter, compared to analyst estimates of $561.30 million. First Majestic Silver had a return on equity of 7.41% and a net margin of 13.12%.The firm’s revenue was up 169.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. On average, equities research analysts predict 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 Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.0083 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, February 27th. This represents a $0.03 annualized dividend and a yield of 0.2%. First Majestic Silver’s dividend payout ratio (DPR) is currently 8.57%.

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.