FORA Capital LLC Buys 314,811 Shares of First Majestic Silver Corp. $AG

FORA Capital LLC increased its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 1,216.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,695 shares of the mining company's stock after buying an additional 314,811 shares during the quarter. FORA Capital LLC owned 0.07% of First Majestic Silver worth $2,818,000 at the end of the most recent reporting period.

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A number of other large investors have also recently bought and sold shares of the stock. AlphaQuest LLC acquired a new position in First Majestic Silver during the first quarter worth $29,000. CWM LLC increased its position in shares of First Majestic Silver by 57.2% during the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company's stock worth $42,000 after purchasing an additional 1,860 shares in the last quarter. American National Bank & Trust bought a new position in First Majestic Silver during the 2nd quarter valued at about $66,000. Vident Advisory LLC acquired a new position in First Majestic Silver in the first quarter valued at about $82,000. Finally, MAI Capital Management boosted its position in First Majestic Silver by 83.3% in the second quarter. MAI Capital Management now owns 11,000 shares of the mining company's stock valued at $91,000 after buying an additional 5,000 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Stock Down 5.2%

NYSE AG opened at $15.93 on Friday. The stock has a market capitalization of $7.82 billion, a P/E ratio of 113.81 and a beta of 0.84. First Majestic Silver Corp. has a 52 week low of $5.09 and a 52 week high of $17.37. 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 fifty day moving average of $13.30 and a 200-day moving average of $10.49.

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First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results on Wednesday, November 5th. The mining company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $285.10 million for the quarter, compared to analyst estimates of $429.78 million. First Majestic Silver had a net margin of 7.07% and a return on equity of 3.14%. The company's revenue was up 95.3% compared to the same quarter last year. During the same period last year, the company earned ($0.09) EPS. On average, equities research analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.0052 dividend. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. First Majestic Silver's payout ratio is 14.29%.

Analysts Set New Price Targets

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Several research firms have recently weighed in on AG. HC Wainwright set a $17.50 price objective on shares of First Majestic Silver in a report on Friday, October 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of First Majestic Silver in a research report on Wednesday, October 8th. BMO Capital Markets reissued a "market perform" rating on shares of First Majestic Silver in a research note on Tuesday, October 7th. TD Securities upgraded First Majestic Silver from a "hold" rating to a "buy" rating in a report on Wednesday, October 8th. Finally, Wall Street Zen cut First Majestic Silver from a "buy" rating to a "hold" rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.33.

View Our Latest Research Report on AG

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.

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