First Majestic Silver Corp. $AG Stock Holdings Raised by Realta Investment Advisors

Realta Investment Advisors boosted its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 599,809 shares of the mining company’s stock after acquiring an additional 24,113 shares during the period. First Majestic Silver comprises approximately 3.3% of Realta Investment Advisors’ investment portfolio, making the stock its 4th largest position. Realta Investment Advisors’ holdings in First Majestic Silver were worth $9,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AG. Van ECK Associates Corp boosted its holdings in First Majestic Silver by 32.0% in the third quarter. Van ECK Associates Corp now owns 43,225,807 shares of the mining company’s stock valued at $531,234,000 after purchasing an additional 10,471,543 shares during the last quarter. Tidal Investments LLC increased its holdings in First Majestic Silver by 14.0% during the 3rd quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock worth $258,273,000 after purchasing an additional 2,581,023 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in First Majestic Silver by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock worth $232,539,000 after purchasing an additional 5,265,612 shares during the last quarter. Vanguard Group Inc. raised its position in shares of First Majestic Silver by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,050,155 shares of the mining company’s stock valued at $221,657,000 after purchasing an additional 739,315 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of First Majestic Silver by 7.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,698,674 shares of the mining company’s stock valued at $119,197,000 after purchasing an additional 685,458 shares in the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

Shares of AG opened at $21.83 on Friday. The stock has a market capitalization of $10.76 billion, a PE ratio of 62.37 and a beta of 0.97. The business’s fifty day moving average price is $23.83 and its 200 day moving average price is $17.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.96. First Majestic Silver Corp. has a 12-month low of $5.18 and a 12-month high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, February 19th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. First Majestic Silver had a net margin of 13.12% and a return on equity of 7.41%. The business had revenue of $463.92 million during the quarter, compared to analyst estimates of $561.30 million. During the same period in the previous year, the business posted $0.03 EPS. The company’s quarterly revenue was up 169.2% on a year-over-year basis. Equities research analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.0083 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.03 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, February 27th. First Majestic Silver’s dividend payout ratio is 8.57%.

Wall Street Analyst Weigh In

AG has been the topic of several recent analyst reports. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Wall Street Zen raised shares of First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research downgraded shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. HC Wainwright upped their target price on shares of First Majestic Silver to $30.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.00.

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.