Raymond James & Associates Has $2.85 Million Stake in First Majestic Silver Corp. (NYSE:AG)
Raymond James & Associates grew its stake in First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 463,196 shares of the mining company’s stock after buying an additional 20,778 shares during the period. Raymond James & Associates’ holdings in First Majestic Silver were worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in shares of First Majestic Silver by 9.0% during the 4th quarter. Franklin Resources Inc. now owns 20,763 shares of the mining company’s stock worth $173,000 after acquiring an additional 1,717 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of First Majestic Silver by 16.0% during the 1st quarter. IHT Wealth Management LLC now owns 14,512 shares of the mining company’s stock worth $191,000 after acquiring an additional 2,000 shares during the period. American Century Companies Inc. lifted its holdings in shares of First Majestic Silver by 3.0% during the 3rd quarter. American Century Companies Inc. now owns 68,500 shares of the mining company’s stock worth $351,000 after acquiring an additional 2,000 shares during the period. CWM LLC lifted its holdings in shares of First Majestic Silver by 59.7% during the 3rd quarter. CWM LLC now owns 5,433 shares of the mining company’s stock worth $28,000 after acquiring an additional 2,030 shares during the period. Finally, Profund Advisors LLC lifted its holdings in shares of First Majestic Silver by 12.6% during the 1st quarter. Profund Advisors LLC now owns 19,117 shares of the mining company’s stock worth $138,000 after acquiring an additional 2,145 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on AG shares. StockNews.com raised shares of First Majestic Silver to a “sell” rating in a report on Monday, February 26th. HC Wainwright reduced their price objective on shares of First Majestic Silver from $12.00 to $6.75 and set a “buy” rating for the company in a report on Friday, January 19th.
Check Out Our Latest Stock Report on First Majestic Silver
First Majestic Silver Trading Down 5.5 %
Shares of AG stock opened at $7.52 on Monday. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44. The company has a market capitalization of $2.16 billion, a P/E ratio of -15.67 and a beta of 1.43. The firm has a 50-day moving average price of $5.48 and a 200 day moving average price of $5.44. The company has a quick ratio of 2.04, a current ratio of 2.57 and a debt-to-equity ratio of 0.18.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last announced 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 net margin of 23.55% and a negative return on equity of 1.85%. The firm had revenue of $136.95 million during the quarter. During the same period in the prior year, the business earned ($0.07) earnings per share. Research analysts forecast 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 was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.0048 dividend. The ex-dividend date of this dividend was 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 0.26%. First Majestic Silver’s payout ratio is currently -2.08%.
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 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.
Further Reading
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