First Majestic Silver Corp. (NYSE:AG) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,772 shares of the mining company’s stock after selling 2,548 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Majestic Silver were worth $485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AG. Marshall Wace LLP acquired a new stake in First Majestic Silver in the 2nd quarter valued at $3,904,000. Dimensional Fund Advisors LP lifted its holdings in First Majestic Silver by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock valued at $18,701,000 after purchasing an additional 103,232 shares in the last quarter. Raymond James & Associates grew its position in shares of First Majestic Silver by 17.7% in the third quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock valued at $3,349,000 after purchasing an additional 83,867 shares during the period. Van ECK Associates Corp increased its stake in shares of First Majestic Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company’s stock worth $173,478,000 after purchasing an additional 764,790 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of First Majestic Silver by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 238,618 shares of the mining company’s stock worth $1,411,000 after purchasing an additional 3,980 shares during the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Trading Down 1.8 %

AG opened at $6.09 on Friday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -22.56 and a beta of 1.25. The company’s 50 day simple moving average is $6.64 and its two-hundred day simple moving average is $6.24. First Majestic Silver Corp. has a 1-year low of $4.17 and a 1-year high of $8.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The company 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%. Analysts expect that First Majestic Silver Corp. will post -0.17 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued 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 0.32%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is currently -3.70%.

Wall Street Analysts Forecast Growth

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

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.