First Majestic Silver Corp. (NYSE:AG) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management reduced its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 18.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,166 shares of the mining company’s stock after selling 4,200 shares during the period. Hollencrest Capital Management’s holdings in First Majestic Silver were worth $109,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cetera Advisors LLC boosted its position in First Majestic Silver by 3.1% in the 1st quarter. Cetera Advisors LLC now owns 53,577 shares of the mining company’s stock valued at $315,000 after buying an additional 1,601 shares during the period. Blue Trust Inc. boosted its holdings in First Majestic Silver by 77.3% in the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock valued at $31,000 after purchasing an additional 2,253 shares during the period. Veracity Capital LLC grew its stake in First Majestic Silver by 18.5% during the 3rd quarter. Veracity Capital LLC now owns 17,344 shares of the mining company’s stock worth $104,000 after purchasing an additional 2,710 shares in the last quarter. International Assets Investment Management LLC raised its position in First Majestic Silver by 39.5% in the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock valued at $83,000 after purchasing an additional 3,960 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of First Majestic Silver by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 238,618 shares of the mining company’s stock valued at $1,411,000 after buying an additional 3,980 shares during the period. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Price Performance

AG stock opened at $6.47 on Friday. The business has a 50 day moving average price of $6.42 and a 200 day moving average price of $6.37. The company has a quick ratio of 2.44, a current ratio of 3.05 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -23.96 and a beta of 1.31. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). The company had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.39% and a negative net margin of 15.37%. Equities research analysts anticipate that First Majestic Silver Corp. will post -0.13 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 Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0048 dividend. This represents a $0.02 annualized dividend and a yield of 0.30%. The ex-dividend date is Friday, November 15th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is currently -3.70%.

Analyst Ratings Changes

Several analysts recently weighed in on AG shares. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a report on Friday, October 18th. Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th.

About First Majestic Silver

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.