D.A. Davidson & CO. Lowers Stock Position in First Majestic Silver Corp. $AG

D.A. Davidson & CO. trimmed its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 58.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,487 shares of the mining company’s stock after selling 43,558 shares during the quarter. D.A. Davidson & CO.’s holdings in First Majestic Silver were worth $387,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. CWA Asset Management Group LLC purchased a new position in First Majestic Silver during the 3rd quarter worth $232,000. Global Retirement Partners LLC boosted its stake in shares of First Majestic Silver by 7,831.6% during the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company’s stock worth $74,000 after buying an additional 5,952 shares during the period. Signaturefd LLC grew its holdings in shares of First Majestic Silver by 4.7% during the third quarter. Signaturefd LLC now owns 22,275 shares of the mining company’s stock worth $274,000 after buying an additional 1,008 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in First Majestic Silver in the 3rd quarter valued at about $478,000. Finally, Sound Income Strategies LLC raised its stake in First Majestic Silver by 29,900.0% during the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after acquiring an additional 2,990 shares during the last quarter. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Price Performance

AG stock opened at $19.86 on Wednesday. The firm has a 50 day moving average of $15.09 and a 200-day moving average of $11.99. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 141.85 and a beta of 0.77. The company has a current ratio of 3.38, a quick ratio of 2.96 and a debt-to-equity ratio of 0.07. First Majestic Silver Corp. has a 12-month low of $5.09 and a 12-month high of $21.12.

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 firm had revenue of $285.10 million for the quarter, compared to analyst estimates of $429.78 million. First Majestic Silver had a return on equity of 3.14% and a net margin of 7.07%.The business’s revenue for the quarter was up 95.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. As a group, equities analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.0052 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is presently 14.29%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Scotiabank boosted their target price on First Majestic Silver from $9.00 to $12.50 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. TD Securities upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. HC Wainwright set a $17.50 price objective on shares of First Majestic Silver in a research report on Friday, October 10th. Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of First Majestic Silver in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Majestic Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

First Majestic Silver 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.