First Majestic Silver Corp. (NYSE:AG) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 136,363 shares of the mining company’s stock after purchasing an additional 6,875 shares during the period. Mackenzie Financial Corp’s holdings in First Majestic Silver were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AG. Van ECK Associates Corp increased its position in First Majestic Silver by 3.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,631,966 shares of the mining company’s stock valued at $152,012,000 after acquiring an additional 1,079,150 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in First Majestic Silver by 4.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company’s stock worth $43,071,000 after purchasing an additional 266,864 shares during the period. Realta Investment Advisors acquired a new position in First Majestic Silver during the 4th quarter worth approximately $1,357,000. Jump Financial LLC increased its position in First Majestic Silver by 471.2% during the 3rd quarter. Jump Financial LLC now owns 155,657 shares of the mining company’s stock worth $799,000 after purchasing an additional 128,405 shares during the period. Finally, International Assets Investment Management LLC increased its position in First Majestic Silver by 446.6% during the 4th quarter. International Assets Investment Management LLC now owns 148,154 shares of the mining company’s stock worth $911,000 after purchasing an additional 121,049 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Price Performance

Shares of NYSE:AG opened at $6.94 on Friday. The business’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $5.54. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -14.46 and a beta of 1.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. First Majestic Silver Corp. has a 12 month low of $4.17 and a 12 month high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, February 22nd. The mining company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $136.95 million for the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. During the same period last year, the firm earned ($0.07) EPS. As a group, equities analysts forecast that First Majestic Silver Corp. will post -0.01 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. Investors of record on Thursday, March 14th were paid a $0.0048 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is presently -4.17%.

Analysts Set New Price Targets

AG has been the topic of several recent analyst reports. HC Wainwright boosted their target price on First Majestic Silver from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Friday, April 19th. StockNews.com upgraded First Majestic Silver to a “sell” rating in a research report on Monday, February 26th.

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.