Oxbow Advisors LLC Has $262,000 Stake in First Majestic Silver Corp. (NYSE:AG)

Oxbow Advisors LLC raised its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 25.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,676 shares of the mining company’s stock after purchasing an additional 8,899 shares during the period. Oxbow Advisors LLC’s holdings in First Majestic Silver were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AG. Van ECK Associates Corp grew its holdings in shares of First Majestic Silver by 2.7% during the 3rd 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. Semanteon Capital Management LP bought a new stake in First Majestic Silver during the third quarter worth about $331,000. J.W. Cole Advisors Inc. acquired a new stake in First Majestic Silver during the third quarter worth about $295,000. International Assets Investment Management LLC increased its holdings in First Majestic Silver by 136.4% in the 3rd quarter. International Assets Investment Management LLC now owns 33,090 shares of the mining company’s stock valued at $1,990,000 after buying an additional 19,095 shares during the period. Finally, Corundum Trust Company INC bought a new stake in shares of First Majestic Silver during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Stock Down 4.3 %

Shares of AG traded down $0.29 during mid-day trading on Friday, reaching $6.47. The company had a trading volume of 7,863,712 shares, compared to its average volume of 10,602,238. The company has a current ratio of 3.05, a quick ratio of 2.44 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $6.37. First Majestic Silver Corp. has a 1-year low of $4.17 and a 1-year high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results 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 during the quarter. First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.39%. On average, sell-side analysts forecast that First Majestic Silver Corp. will post -0.13 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.0048 per share. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date is Friday, November 15th. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. First Majestic Silver’s dividend payout ratio (DPR) is -7.41%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. 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 reiterated a “buy” rating and issued a $8.50 price target on shares of First Majestic Silver in a research note on Friday, October 18th.

About First Majestic Silver

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.