Quantbot Technologies LP Buys New Shares in First Majestic Silver Corp. (NYSE:AG)

Quantbot Technologies LP purchased a new position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 342,793 shares of the mining company’s stock, valued at approximately $2,057,000. Quantbot Technologies LP owned about 0.11% of First Majestic Silver as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of First Majestic Silver by 77.3% in the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after acquiring an additional 2,253 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Majestic Silver in the 1st quarter valued at $62,000. Dark Forest Capital Management LP purchased a new position in First Majestic Silver in the 2nd quarter worth about $70,000. Creative Planning acquired a new stake in First Majestic Silver during the 3rd quarter worth about $72,000. Finally, Corundum Trust Company INC purchased a new stake in First Majestic Silver during the third quarter valued at about $72,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $6.14 on Friday. 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 Corp. has a one year low of $4.17 and a one year high of $8.44. The business’s 50-day moving average price is $6.66 and its two-hundred day moving average price is $6.31. The company has a market capitalization of $1.85 billion, a P/E ratio of -22.74 and a beta of 1.31.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced 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 firm had revenue of $146.09 million during the quarter. First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. Analysts anticipate that First Majestic Silver Corp. will post -0.17 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0048 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is presently -7.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AG. Cormark raised shares of 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 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.