First Majestic Silver Corp. $AG Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 190.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,846 shares of the mining company’s stock after buying an additional 37,303 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in First Majestic Silver were worth $699,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bogart Wealth LLC purchased a new stake in First Majestic Silver during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC lifted its holdings 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 acquiring an additional 2,990 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in First Majestic Silver by 33.2% during the third quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock worth $48,000 after purchasing an additional 971 shares in the last quarter. CWM LLC boosted its holdings in First Majestic Silver by 57.2% during the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company’s stock valued at $42,000 after acquiring an additional 1,860 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of First Majestic Silver by 7,831.6% in the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company’s stock valued at $74,000 after purchasing an additional 5,952 shares during the period. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

NYSE AG opened at $25.74 on Wednesday. The firm has a market capitalization of $12.65 billion, a P/E ratio of 183.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.96. First Majestic Silver Corp. has a 1-year low of $5.09 and a 1-year high of $27.90. The business’s 50-day simple moving average is $17.33 and its 200-day simple moving average is $13.00.

First Majestic Silver (NYSE:AG) (TSE:FR) last released 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). First Majestic Silver had a return on equity of 3.14% and a net margin of 7.07%.The business had revenue of $285.10 million during the quarter, compared to analyst estimates of $429.78 million. During the same period in the previous year, the company earned ($0.09) EPS. First Majestic Silver’s revenue was up 95.3% on a year-over-year basis. Equities analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AG. Wall Street Zen cut First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. HC Wainwright upped their price objective on shares of First Majestic Silver from $17.50 to $24.50 and gave the company a “buy” rating in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c-)” rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. Finally, National Bankshares set a $22.00 price objective on shares of First Majestic Silver and gave the company an “outperform” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.17.

About First Majestic Silver

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.