Silver Oak Securities Incorporated Acquires Shares of 38,875 First Majestic Silver Corp. $AG

Silver Oak Securities Incorporated bought a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,875 shares of the mining company’s stock, valued at approximately $478,000.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in shares of First Majestic Silver by 29,900.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock worth $37,000 after purchasing an additional 2,990 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in First Majestic Silver by 33.2% in the third quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock valued at $48,000 after buying an additional 971 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in First Majestic Silver in the second quarter valued at about $162,000. Newbridge Financial Services Group Inc. bought a new position in First Majestic Silver during the second quarter worth about $425,000. Finally, Marex Group plc acquired a new position in shares of First Majestic Silver during the 2nd quarter worth about $224,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AG. TD Securities upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. HC Wainwright set a $17.50 target price on shares of First Majestic Silver in a report on Friday, October 10th. BMO Capital Markets reissued a “market perform” rating on shares of First Majestic Silver in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of First Majestic Silver in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, First Majestic Silver has an average rating of “Moderate Buy” and a consensus price target of $17.33.

First Majestic Silver Stock Performance

Shares of AG opened at $16.06 on Monday. The firm has a market cap of $7.88 billion, a P/E ratio of 114.69 and a beta of 0.77. First Majestic Silver Corp. has a twelve month low of $5.09 and a twelve month high of $17.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.96 and a current ratio of 3.38. The firm’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $11.47.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Wednesday, November 5th. The mining company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $429.78 million. First Majestic Silver had a return on equity of 3.14% and a net margin of 7.07%.The firm’s revenue was up 95.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) EPS. On average, analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.0052 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, November 14th. First Majestic Silver’s dividend payout ratio is presently 14.29%.

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.