International Assets Investment Management LLC Raises Stock Position in First Majestic Silver Corp. (NYSE:AG)

International Assets Investment Management LLC increased its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 446.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 148,154 shares of the mining company’s stock after acquiring an additional 121,049 shares during the period. International Assets Investment Management LLC’s holdings in First Majestic Silver were worth $911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of First Majestic Silver by 59.7% in the third quarter. CWM LLC now owns 5,433 shares of the mining company’s stock worth $28,000 after purchasing an additional 2,030 shares during the period. Kingswood Wealth Advisors LLC bought a new position in First Majestic Silver in the 3rd quarter worth about $77,000. AXQ Capital LP raised its holdings in shares of First Majestic Silver by 63.2% in the 3rd quarter. AXQ Capital LP now owns 17,300 shares of the mining company’s stock valued at $89,000 after acquiring an additional 6,700 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of First Majestic Silver during the 3rd quarter valued at about $145,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of First Majestic Silver by 32.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,831 shares of the mining company’s stock valued at $204,000 after acquiring an additional 9,675 shares during the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Trading Up 4.1 %

Shares of AG stock opened at $6.82 on Wednesday. The business has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $5.52. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44. The company has a quick ratio of 2.04, a current ratio of 2.57 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.96 billion, a P/E ratio of -14.21 and a beta of 1.43.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The company had revenue of $136.95 million for the quarter. During the same period in the prior year, the business posted ($0.07) earnings per share. Equities analysts anticipate that First Majestic Silver Corp. will post -0.06 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.0048 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. First Majestic Silver’s dividend payout ratio is -2.08%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AG shares. HC Wainwright raised their target price on shares of First Majestic Silver from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Friday, April 19th. StockNews.com raised shares of First Majestic Silver to a “sell” rating in a report on Monday, February 26th.

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.