Cantor Fitzgerald L. P. Takes $318,000 Position in First Majestic Silver Corp. $AG

Cantor Fitzgerald L. P. bought a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,873 shares of the mining company’s stock, valued at approximately $318,000.

Several other large investors have also recently bought and sold shares of AG. Bogart Wealth LLC acquired a new stake in First Majestic Silver in the 3rd quarter worth $28,000. Sound Income Strategies LLC lifted its stake in shares of First Majestic Silver by 29,900.0% in the third quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after buying an additional 2,990 shares during the period. AdvisorNet Financial Inc grew its position 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 buying an additional 971 shares in the last quarter. Global Retirement Partners LLC increased its stake in 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 valued at $74,000 after acquiring an additional 5,952 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in First Majestic Silver by 1,149.7% during the third quarter. Jones Financial Companies Lllp now owns 6,286 shares of the mining company’s stock valued at $76,000 after acquiring an additional 5,783 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research upgraded First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “hold (c-)” rating on shares of First Majestic Silver in a research note on Wednesday, January 21st. HC Wainwright lifted their price target on shares of First Majestic Silver to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of First Majestic Silver in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.00.

First Majestic Silver Stock Down 8.5%

NYSE AG opened at $22.53 on Monday. First Majestic Silver Corp. has a 1-year low of $5.18 and a 1-year high of $32.03. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 64.38 and a beta of 0.75. The stock’s 50 day moving average is $23.82 and its two-hundred day moving average is $16.85. 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 (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $463.92 million during the quarter, compared to analysts’ expectations of $561.30 million. First Majestic Silver had a return on equity of 7.41% and a net margin of 13.12%.First Majestic Silver’s quarterly revenue was up 169.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. Equities analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.0083 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.1%. First Majestic Silver’s dividend payout ratio (DPR) is 8.57%.

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.