2 weeks Ago By ABMN Staff
Choreo LLC boosted its holdings in First Majestic Silver Corp. ( NYSE:AG – Free Report ) (TSE:FR) by 267.1% during the 2nd quarter, Holdings Channel.
com reports. The fund owned 71,796 shares of the mining company’s stock after purchasing an additional 52,239 shares during the quarter. Choreo LLC’s holdings in First Majestic Silver were worth $414,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new stake in First Majestic Silver in the 4th quarter valued at about $43,000. Dixon Mitchell Investment Counsel Inc.
purchased a new stake in First Majestic Silver in the 1st quarter valued at about $48,000. B. Riley Wealth Advisors Inc.
purchased a new stake in First Majestic Silver in the 1st quarter valued at about $62,000. Capstone Investment Advisors LLC purchased a new stake in First Majestic Silver in the 4th quarter valued at about $69,000. Finally, International Assets Investment Management LLC increased its stake 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 buying an additional 3,960 shares during the last quarter. Institutional investors own 27.
16% of the company’s stock. Analysts Set New Price Targets Several research firms have commented on AG. HC Wainwright reiterated a “buy” rating and issued a $8.
50 price objective on shares of First Majestic Silver in a research note on Friday, September 6th. Scotiabank raised their price target on shares of First Majestic Silver from $5.50 to $6.
50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Finally, Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th. First Majestic Silver Trading Up 0.
7 % Shares of AG stock opened at $6.18 on Tuesday. The company has a 50 day moving average of $5.
68 and a 200-day moving average of $6.22. The company has a quick ratio of 2.
44, a current ratio of 3.05 and a debt-to-equity ratio of 0.17.
First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.
44. The firm has a market cap of $1.79 billion, a P/E ratio of -38.
59 and a beta of 1.35. First Majestic Silver ( NYSE:AG – Get Free Report ) (TSE:FR) last released its quarterly earnings data on Thursday, August 1st.
The mining company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.
05). First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.
39%. The business had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $129.
74 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.
The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Sell-side analysts anticipate that First Majestic Silver Corp.
will post -0.11 earnings per share for the current year. First Majestic Silver Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th.
Investors of record on Friday, August 16th were paid a $0.0046 dividend. The ex-dividend date was Friday, August 16th.
This represents a $0.02 dividend on an annualized basis and a yield of 0.30%.
First Majestic Silver’s dividend payout ratio is -6.25%. First Majestic Silver Profile ( 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. Recommended Stories Want to see what other hedge funds are holding AG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Majestic Silver Corp. ( NYSE:AG – Free Report ) (TSE:FR). Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.
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