Euro Pacific Asset Management LLC Boosts Holdings in First Majestic Silver Corp. (NYSE:AG)

Euro Pacific Asset Management LLC increased its holdings in shares of First Majestic Silver Corp. (NYSE:AGFree Report) (TSE:FR) by 10.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,723 shares of the mining company’s stock after purchasing an additional 4,512 shares during the period. Euro Pacific Asset Management LLC’s holdings in First Majestic Silver were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of First Majestic Silver by 77.3% during the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after acquiring an additional 2,253 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in First Majestic Silver during the 3rd quarter worth about $70,000. Dark Forest Capital Management LP acquired a new stake in First Majestic Silver in the 2nd quarter valued at about $70,000. Creative Planning purchased a new position in shares of First Majestic Silver in the 3rd quarter valued at about $72,000. Finally, Corundum Trust Company INC acquired a new position in shares of First Majestic Silver during the third quarter worth about $72,000. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Stock Performance

AG stock opened at $5.63 on Friday. The business has a 50 day moving average price of $5.93 and a 200 day moving average price of $6.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 3.03. 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:AGGet Free Report) (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 4.19% and a negative net margin of 14.89%. As a group, research analysts predict that First Majestic Silver Corp. will post -0.16 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.0048 dividend. This represents a $0.02 annualized dividend and a yield of 0.34%. The ex-dividend date was 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 -7.41%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AG. Scotiabank decreased their price target on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, January 10th.

View Our Latest Stock Report on First Majestic Silver

About First Majestic Silver

(Free Report)

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.

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Institutional Ownership by Quarter for First Majestic Silver (NYSE:AG)

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