Raymond James Financial Services Advisors Inc. Has $86,000 Stock Position in First Majestic Silver Corp. (NYSE:AG)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 47.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,905 shares of the mining company’s stock after selling 12,586 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in First Majestic Silver were worth $86,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its position in First Majestic Silver by 59.7% during the 3rd quarter. CWM LLC now owns 5,433 shares of the mining company’s stock worth $28,000 after buying an additional 2,030 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in First Majestic Silver during the 3rd quarter valued at about $77,000. AXQ Capital LP lifted its position in First Majestic Silver by 63.2% during the 3rd quarter. AXQ Capital LP now owns 17,300 shares of the mining company’s stock valued at $89,000 after purchasing an additional 6,700 shares during the period. Avantax Advisory Services Inc. acquired a new position in First Majestic Silver during the 3rd quarter valued at about $145,000. Finally, Financial Sense Advisors Inc. lifted its position in First Majestic Silver by 146.1% during the 4th quarter. Financial Sense Advisors Inc. now owns 33,330 shares of the mining company’s stock valued at $205,000 after purchasing an additional 19,788 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of First Majestic Silver to a “sell” rating in a research report on Monday, February 26th. HC Wainwright upped 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 report on Friday, April 19th.

First Majestic Silver Stock Performance

Shares of NYSE:AG opened at $6.94 on Friday. The firm’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $5.54. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The company 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 (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 1.85%. The business had revenue of $136.95 million for the quarter. During the same period in the previous year, the business earned ($0.07) EPS. As a group, sell-side analysts forecast that First Majestic Silver Corp. will post -0.01 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.0048 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 annualized dividend and a yield of 0.28%. First Majestic Silver’s dividend payout ratio (DPR) is presently -4.17%.

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.