Barclays PLC Makes New $2.42 Million Investment in First Majestic Silver Corp. (NYSE:AG)

Barclays PLC bought a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 403,219 shares of the mining company’s stock, valued at approximately $2,419,000.

Several other large investors have also made changes to their positions in AG. Public Employees Retirement System of Ohio bought a new position in shares of First Majestic Silver in the third quarter valued at approximately $504,000. Y Intercept Hong Kong Ltd acquired a new stake in First Majestic Silver during the 3rd quarter valued at $70,000. XTX Topco Ltd raised its position in First Majestic Silver by 1,510.1% in the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company’s stock valued at $1,630,000 after purchasing an additional 254,870 shares during the last quarter. National Bank of Canada FI boosted its stake in 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 in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of First Majestic Silver during the third quarter worth $748,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Trading Up 1.3 %

Shares of AG opened at $5.58 on Thursday. The stock’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $6.14. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.68 billion, a PE ratio of -20.67 and a beta of 1.25. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. As a group, research analysts predict that First Majestic Silver Corp. will post -0.17 earnings per share for the current year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.0048 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.34%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is -3.70%.

Wall Street Analysts Forecast Growth

AG has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 price target on shares of First Majestic Silver in a report on Friday, October 18th. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th.

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.