Creative Planning Invests $72,000 in First Majestic Silver Corp. (NYSE:AG)

Creative Planning purchased a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,979 shares of the mining company’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Majestic Silver in the first quarter valued at approximately $62,000. Dark Forest Capital Management LP purchased a new position in First Majestic Silver during the second quarter worth $70,000. International Assets Investment Management LLC raised its holdings in shares of First Majestic Silver by 39.5% in the second quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock worth $83,000 after acquiring an additional 3,960 shares during the last quarter. Capital Management Associates Inc lifted its position in shares of First Majestic Silver by 73.3% in the second quarter. Capital Management Associates Inc now owns 26,000 shares of the mining company’s stock valued at $154,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of First Majestic Silver by 34.4% during the second quarter. Toronto Dominion Bank now owns 27,549 shares of the mining company’s stock valued at $163,000 after acquiring an additional 7,052 shares during the last quarter. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AG shares. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th. HC Wainwright reissued a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a research note on Friday, October 18th.

First Majestic Silver Stock Performance

First Majestic Silver stock opened at $6.30 on Wednesday. The stock has a fifty day moving average price of $6.43 and a 200 day moving average price of $6.36. The company has a current ratio of 3.05, a quick ratio of 2.44 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. The firm has a market capitalization of $1.90 billion, a P/E ratio of -23.00 and a beta of 1.31.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.20%. The company had revenue of $146.09 million for the quarter. Equities research analysts anticipate that First Majestic Silver Corp. will post -0.13 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0048 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date is Friday, November 15th. First Majestic Silver’s dividend payout ratio is presently -3.70%.

First Majestic Silver Company 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.