CIBC Asset Management Inc Acquires 7,900 Shares of First Majestic Silver Corp. (NYSE:AG)

CIBC Asset Management Inc increased its holdings in shares of First Majestic Silver Corp. (NYSE:AGFree Report) (TSE:FR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,178 shares of the mining company’s stock after purchasing an additional 7,900 shares during the period. CIBC Asset Management Inc owned approximately 0.10% of First Majestic Silver worth $1,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AG. Vanguard Group Inc. lifted its position in First Majestic Silver by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,785,103 shares of the mining company’s stock valued at $50,198,000 after acquiring an additional 113,236 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of First Majestic Silver by 4.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company’s stock worth $43,071,000 after buying an additional 266,864 shares during the period. Realta Investment Advisors acquired a new stake in First Majestic Silver in the 4th quarter valued at approximately $1,357,000. Campbell & CO Investment Adviser LLC acquired a new position in First Majestic Silver during the 4th quarter worth approximately $1,266,000. Finally, SG Americas Securities LLC lifted its position in shares of First Majestic Silver by 123.3% in the fourth quarter. SG Americas Securities LLC now owns 173,176 shares of the mining company’s stock worth $1,065,000 after purchasing an additional 95,613 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

Shares of AG opened at $6.33 on Friday. The company has a market cap of $1.84 billion, a PE ratio of -39.56 and a beta of 1.43. The firm has a 50-day moving average of $7.16 and a 200-day moving average of $5.97. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $8.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 1.77.

First Majestic Silver (NYSE:AGGet Free Report) (TSE:FR) last posted its quarterly earnings results on Wednesday, May 8th. The mining company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $106.01 million for the quarter. First Majestic Silver had a negative return on equity of 3.28% and a negative net margin of 9.18%. As a group, equities analysts forecast that First Majestic Silver Corp. will post -0.03 earnings per share for the current year.

First Majestic Silver Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.004 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Thursday, May 16th. First Majestic Silver’s dividend payout ratio (DPR) is presently -6.25%.

Analyst Ratings Changes

AG has been the subject of a number of analyst reports. StockNews.com raised shares of First Majestic Silver to a “sell” rating in a research report on Monday, February 26th. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research report on Thursday, May 9th. Finally, Scotiabank upped their target price on First Majestic Silver from $5.50 to $6.50 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd.

Get Our Latest Research Report on AG

First Majestic Silver Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Majestic Silver (NYSE:AG)

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