Lincoln Capital Corp Sells 5,700 Shares of First Majestic Silver Corp. (NYSE:AG)

Lincoln Capital Corp lowered its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,300 shares of the mining company’s stock after selling 5,700 shares during the period. Lincoln Capital Corp’s holdings in First Majestic Silver were worth $211,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AG. Raymond James & Associates lifted its position in shares of First Majestic Silver by 4.7% during the 4th quarter. Raymond James & Associates now owns 463,196 shares of the mining company’s stock worth $2,849,000 after buying an additional 20,778 shares during the last quarter. SG Americas Securities LLC raised its stake in First Majestic Silver by 123.3% during the fourth quarter. SG Americas Securities LLC now owns 173,176 shares of the mining company’s stock worth $1,065,000 after acquiring an additional 95,613 shares in the last quarter. Financial Sense Advisors Inc. lifted its holdings in shares of First Majestic Silver by 146.1% in the fourth quarter. Financial Sense Advisors Inc. now owns 33,330 shares of the mining company’s stock worth $205,000 after acquiring an additional 19,788 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of First Majestic Silver by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,785,103 shares of the mining company’s stock valued at $50,198,000 after purchasing an additional 113,236 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of First Majestic Silver by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 68,500 shares of the mining company’s stock valued at $351,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Trading Up 6.4 %

Shares of AG stock traded up $0.34 during mid-day trading on Wednesday, hitting $5.59. The company’s stock had a trading volume of 7,279,472 shares, compared to its average volume of 7,455,854. The company has a market cap of $1.60 billion, a PE ratio of -11.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.04 and a current ratio of 2.57. The company’s fifty day simple moving average is $4.89 and its 200-day simple moving average is $5.28. First Majestic Silver Corp. has a 52 week low of $4.17 and a 52 week high of $8.07.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The firm had revenue of $136.95 million for the quarter. During the same period last year, the firm posted ($0.07) earnings per share. As a group, equities research analysts expect that First Majestic Silver Corp. will post -0.06 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.0048 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.34%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date is Wednesday, March 13th. First Majestic Silver’s dividend payout ratio is presently -4.17%.

Analysts Set New Price Targets

Several research firms recently weighed in on AG. StockNews.com raised First Majestic Silver to a “sell” rating in a report on Monday, February 26th. HC Wainwright dropped their target price on First Majestic Silver from $12.00 to $6.75 and set a “buy” rating for the company in a research report on Friday, January 19th.

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 that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.