2 weeks Ago By Defense World Staff
Raymond James Financial Inc. bought a new position in First Majestic Silver Corp. ( NYSE:AG – Free Report ) (TSE:FR) in the fourth quarter, according to the company in its most recent filing with the SEC.
The fund bought 444,871 shares of the mining company’s stock, valued at approximately $2,442,000. Raymond James Financial Inc. owned 0.
14% of First Majestic Silver as of its most recent filing with the SEC. Other large investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its stake in First Majestic Silver by 14.
6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 93,751 shares of the mining company’s stock worth $563,000 after purchasing an additional 11,939 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of First Majestic Silver by 4.
7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 249,929 shares of the mining company’s stock worth $1,502,000 after acquiring an additional 11,311 shares during the last quarter. HighTower Advisors LLC boosted its holdings in First Majestic Silver by 14.
2% during the 3rd quarter. HighTower Advisors LLC now owns 131,877 shares of the mining company’s stock valued at $793,000 after acquiring an additional 16,424 shares during the period. Point72 Asset Management L.
P. purchased a new position in First Majestic Silver during the 3rd quarter valued at $748,000. Finally, National Bank of Canada FI grew its position in First Majestic Silver by 18.
0% in the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock valued at $4,102,000 after acquiring an additional 104,092 shares during the last quarter. Institutional investors own 27.
16% of the company’s stock. Analysts Set New Price Targets A number of analysts have recently issued reports on the stock. StockNews.
com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. HC Wainwright reissued a “buy” rating and issued a $11.00 price objective on shares of First Majestic Silver in a research report on Friday, February 21st.
TD Securities raised shares of First Majestic Silver to a “hold” rating in a research report on Monday, March 10th. Finally, Scotiabank lowered their price target on First Majestic Silver from $6.50 to $6.
00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, First Majestic Silver has a consensus rating of “Hold” and an average price target of $8.
50. First Majestic Silver Stock Performance AG stock opened at $6.76 on Friday.
First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.
44. The business has a 50-day moving average price of $5.96 and a 200 day moving average price of $6.
18. The company has a market capitalization of $3.27 billion, a P/E ratio of -19.
30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.
16, a current ratio of 2.56 and a quick ratio of 2.12.
First Majestic Silver ( NYSE:AG – Get Free Report ) (TSE:FR) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.
05 by ($0.02). First Majestic Silver had a negative net margin of 18.
17% and a negative return on equity of 3.07%. The business had revenue of $172.
34 million during the quarter, compared to the consensus estimate of $227.77 million. As a group, equities research analysts forecast that First Majestic Silver Corp.
will post 0.54 EPS for the current fiscal year. First Majestic Silver Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Friday, February 28th were given a dividend of $0.0057 per share. This represents a $0.
02 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, February 28th.
This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is -5.
71%. 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. Read More Five stocks we like better than First Majestic Silver What is a Dividend Harvesting Strategy and How Can Investors Profit from it? MarketBeat Week in Review – 03/24 – 03/28 What Investors Need to Know About Upcoming IPOs Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low Most active stocks: Dollar volume vs share volume 4 Healthcare Stocks With Massive Gains—and More to Come 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.com's FREE daily email newsletter .
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