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

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

Several other institutional investors and hedge funds have also bought and sold shares of AG. Raymond James & Associates lifted its stake in shares of First Majestic Silver by 4.7% in the 4th quarter. Raymond James & Associates now owns 463,196 shares of the mining company’s stock worth $2,849,000 after purchasing an additional 20,778 shares during the period. SG Americas Securities LLC boosted its stake in shares of First Majestic Silver by 123.3% during the 4th 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 during the last quarter. Financial Sense Advisors Inc. increased its stake in shares of First Majestic Silver by 146.1% in the 4th quarter. Financial Sense Advisors Inc. now owns 33,330 shares of the mining company’s stock worth $205,000 after purchasing an additional 19,788 shares in the last quarter. Vanguard Group Inc. raised its holdings in 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 worth $50,198,000 after purchasing an additional 113,236 shares during the period. Finally, American Century Companies Inc. grew its holdings in First Majestic Silver by 3.0% during the third 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 during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Price Performance

AG traded up $0.34 on Wednesday, hitting $5.59. 7,279,472 shares of the company’s stock traded hands, compared to its average volume of 7,455,854. The company has a current ratio of 2.57, a quick ratio of 2.04 and a debt-to-equity ratio of 0.18. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $8.07. The company’s 50 day simple moving average is $4.89 and its 200-day simple moving average is $5.28. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -11.64 and a beta of 1.40.

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

First Majestic Silver Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AG shares. HC Wainwright lowered their price objective on First Majestic Silver from $12.00 to $6.75 and set a “buy” rating on the stock in a research report on Friday, January 19th. StockNews.com upgraded shares of First Majestic Silver to a “sell” rating in a research report on Monday, February 26th.

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 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.