Capital Management Associates Inc Acquires 11,000 Shares of First Majestic Silver Corp. (NYSE:AG)

Capital Management Associates Inc lifted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 73.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the mining company’s stock after acquiring an additional 11,000 shares during the period. Capital Management Associates Inc’s holdings in First Majestic Silver were worth $154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Creekmur Asset Management LLC purchased a new stake in First Majestic Silver during the fourth quarter valued at approximately $43,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in First Majestic Silver during the 1st quarter valued at $48,000. B. Riley Wealth Advisors Inc. bought a new stake in First Majestic Silver in the first quarter worth $62,000. Capstone Investment Advisors LLC purchased a new position in First Majestic Silver during the fourth quarter worth $69,000. Finally, International Assets Investment Management LLC boosted its stake in First Majestic Silver by 39.5% during the second quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock worth $83,000 after buying an additional 3,960 shares during the period. Institutional investors own 27.16% of the company’s stock.

Wall Street Analyst Weigh In

AG has been the subject of several analyst reports. HC Wainwright restated a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a report on Friday, August 2nd. Scotiabank boosted their target price on First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd.

First Majestic Silver Price Performance

Shares of NYSE:AG remained flat at $5.59 on Friday. The stock had a trading volume of 4,038,160 shares, compared to its average volume of 6,294,644. The stock’s 50 day simple moving average is $5.85 and its 200 day simple moving average is $6.15. The company has a current ratio of 3.05, a quick ratio of 2.44 and a debt-to-equity ratio of 0.17. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $129.74 million. First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.39%. First Majestic Silver’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. Analysts anticipate that First Majestic Silver Corp. will post -0.11 EPS for the current year.

First Majestic Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.0046 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.02 annualized dividend and a yield of 0.33%. First Majestic Silver’s payout ratio is currently -12.50%.

First Majestic Silver 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.