J.W. Cole Advisors Inc. Has $3.01 Million Stock Holdings in First Majestic Silver Corp. $AG

J.W. Cole Advisors Inc. boosted its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 282.3% in the fourth quarter, HoldingsChannel reports. The firm owned 180,366 shares of the mining company’s stock after buying an additional 133,189 shares during the period. J.W. Cole Advisors Inc.’s holdings in First Majestic Silver were worth $3,005,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AG. Van ECK Associates Corp grew 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 worth $531,234,000 after purchasing an additional 10,471,543 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in First Majestic Silver by 38.5% in the third 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 period. Alps Advisors Inc. grew its holdings in First Majestic Silver by 108.7% in the third quarter. Alps Advisors Inc. now owns 7,203,207 shares of the mining company’s stock worth $88,527,000 after purchasing an additional 3,751,376 shares during the period. Artemis Investment Management LLP acquired a new stake in First Majestic Silver in the fourth quarter worth $45,898,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in First Majestic Silver in the third quarter worth $32,795,000. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research cut shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Finally, HC Wainwright lifted their price objective on shares of First Majestic Silver to $30.75 and gave the company a “buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Majestic Silver currently has a consensus rating of “Moderate Buy” and an average target price of $25.25.

First Majestic Silver Stock Down 14.1%

Shares of NYSE AG opened at $16.98 on Friday. The stock has a market capitalization of $8.38 billion, a P/E ratio of 28.29 and a beta of 0.86. The company has a 50-day moving average price of $20.71 and a 200-day moving average price of $20.41. First Majestic Silver Corp. has a 1 year low of $7.74 and a 1 year high of $32.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $476.67 million for the quarter, compared to analyst estimates of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The firm’s quarterly revenue was up 95.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, equities research analysts forecast that First Majestic Silver Corp. will post 0.74 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were issued a dividend of $0.0171 per share. This represents a $0.07 annualized dividend and a yield of 0.4%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, May 20th. First Majestic Silver’s dividend payout ratio is presently 11.67%.

About First Majestic Silver

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.