54,894 Shares in First Majestic Silver Corp. (NYSE:AG) Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the second quarter, Holdings Channel.com reports. The firm bought 54,894 shares of the mining company’s stock, valued at approximately $325,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new stake in First Majestic Silver during the 4th quarter worth about $1,266,000. Vanguard Group Inc. grew its position in shares of First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock valued at $61,456,000 after acquiring an additional 186,570 shares during the period. Virtu Financial LLC acquired a new stake in First Majestic Silver in the 1st quarter worth about $1,373,000. SG Americas Securities LLC boosted its holdings in First Majestic Silver by 145.4% in the 1st quarter. SG Americas Securities LLC now owns 424,917 shares of the mining company’s stock worth $2,499,000 after buying an additional 251,741 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in First Majestic Silver in the 4th quarter worth about $43,000. 27.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AG shares. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research note on Friday, September 6th. Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th.

First Majestic Silver Stock Performance

NYSE:AG opened at $6.05 on Tuesday. The company has a fifty day simple moving average of $5.63 and a two-hundred day simple moving average of $6.26. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -37.78 and a beta of 1.35. 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 52 week low of $4.17 and a 52 week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, August 1st. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $136.20 million for the quarter, compared to analyst estimates of $129.74 million. First Majestic Silver had a negative return on equity of 4.39% and a negative net margin of 15.37%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. As a group, equities analysts anticipate that First Majestic Silver Corp. will post -0.11 earnings per share for the current fiscal year.

First Majestic Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.0046 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. First Majestic Silver’s payout ratio is currently -6.25%.

First Majestic Silver Profile

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.