Seven Eight Capital LP Purchases Shares of 173,107 First Majestic Silver Corp. (NYSE:AG)

Seven Eight Capital LP acquired a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the second quarter, HoldingsChannel reports. The fund acquired 173,107 shares of the mining company’s stock, valued at approximately $1,025,000.

Several other large investors have also made changes to their positions in AG. Campbell & CO Investment Adviser LLC acquired a new stake in First Majestic Silver in the 4th quarter valued at $1,266,000. Vanguard Group Inc. lifted its position in First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock worth $61,456,000 after acquiring an additional 186,570 shares in the last quarter. Virtu Financial LLC purchased a new position in First Majestic Silver in the 1st quarter worth approximately $1,373,000. SG Americas Securities LLC grew its position in First Majestic Silver by 145.4% in the first quarter. SG Americas Securities LLC now owns 424,917 shares of the mining company’s stock valued at $2,499,000 after acquiring an additional 251,741 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in shares of First Majestic Silver during the fourth quarter valued at approximately $43,000. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Trading Up 2.3 %

NYSE:AG opened at $6.19 on Friday. The company has a market cap of $1.80 billion, a PE ratio of -38.69 and a beta of 1.35. The business’s 50 day moving average is $5.64 and its two-hundred day moving average is $6.23. The company has a quick ratio of 2.44, a current ratio of 3.05 and a debt-to-equity ratio of 0.17. First Majestic Silver Corp. has a 52 week low of $4.17 and a 52 week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). First Majestic Silver had a negative return on equity of 4.39% and a negative net margin of 15.37%. The firm had revenue of $136.20 million for the quarter, compared to the consensus estimate of $129.74 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts predict that First Majestic Silver Corp. will post -0.11 EPS for the current year.

First Majestic Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.0046 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, August 16th. First Majestic Silver’s dividend payout ratio is presently -6.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AG shares. HC Wainwright reissued a “buy” rating and issued a $8.50 price objective on shares of First Majestic Silver in a research report on Friday, September 6th. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th.

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.