Public Sector Pension Investment Board grew its stake in shares of First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 619,920 shares of the mining company’s stock after buying an additional 90,526 shares during the period. Public Sector Pension Investment Board’s holdings in First Majestic Silver were worth $3,191,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in First Majestic Silver by 19,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,000 shares of the mining company’s stock valued at $33,000 after purchasing an additional 3,980 shares during the period. Money Concepts Capital Corp bought a new stake in First Majestic Silver during the 4th quarter valued at approximately $33,000. JPMorgan Chase & Co. raised its stake in First Majestic Silver by 5,383.0% during the 1st quarter. JPMorgan Chase & Co. now owns 4,825 shares of the mining company’s stock valued at $63,000 after purchasing an additional 4,737 shares during the period. Coppell Advisory Solutions LLC bought a new stake in First Majestic Silver during the 2nd quarter valued at approximately $27,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in First Majestic Silver during the 4th quarter valued at approximately $42,000. 31.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AG has been the topic of a number of research reports. StockNews.com raised First Majestic Silver to a “sell” rating in a research note on Monday, February 26th. HC Wainwright reduced their price objective on First Majestic Silver from $12.00 to $6.75 and set a “buy” rating on the stock in a research note on Friday, January 19th.
Read Our Latest Analysis on First Majestic Silver
First Majestic Silver Stock Performance
NYSE:AG opened at $5.64 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.07. The stock’s 50 day simple moving average is $4.88 and its two-hundred day simple moving average is $5.30. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -11.75 and a beta of 1.40.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last released its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $136.95 million for the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. During the same period in the previous year, the firm earned ($0.07) EPS. As a group, equities analysts anticipate that First Majestic Silver Corp. will post -0.06 earnings per share for the current fiscal year.
First Majestic Silver Increases Dividend
The business 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. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.02 annualized dividend and a dividend yield of 0.34%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is currently -2.08%.
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 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.
Further Reading
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