Hohimer Wealth Management LLC Purchases New Shares in First Majestic Silver Corp. $AG

Hohimer Wealth Management LLC acquired a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 254,793 shares of the mining company’s stock, valued at approximately $3,131,000.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of First Majestic Silver by 5.1% in the second quarter. Tidal Investments LLC now owns 18,433,836 shares of the mining company’s stock valued at $152,448,000 after buying an additional 890,153 shares during the last quarter. Vanguard Group Inc. raised its stake in First Majestic Silver by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,050,155 shares of the mining company’s stock valued at $221,657,000 after acquiring an additional 739,315 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Majestic Silver by 74.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,666,756 shares of the mining company’s stock worth $112,880,000 after acquiring an additional 5,821,751 shares during the period. Lingotto Investment Management LLP grew its stake in shares of First Majestic Silver by 2.2% in the 2nd quarter. Lingotto Investment Management LLP now owns 9,964,096 shares of the mining company’s stock valued at $82,403,000 after purchasing an additional 213,577 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of First Majestic Silver by 7.6% in the third quarter. Jupiter Asset Management Ltd. now owns 9,698,674 shares of the mining company’s stock valued at $119,197,000 after purchasing an additional 685,458 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Trading Up 5.9%

NYSE:AG opened at $31.15 on Friday. First Majestic Silver Corp. has a 1 year low of $5.09 and a 1 year high of $31.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.96 and a current ratio of 3.38. The stock has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $15.34. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 89.00 and a beta of 0.85.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $463.92 million for the quarter, compared to analysts’ expectations of $561.30 million. First Majestic Silver had a net margin of 13.12% and a return on equity of 7.41%. The business’s revenue for the quarter was up 169.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. As a group, sell-side analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.0083 per share. The ex-dividend date is Friday, February 27th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.03 annualized dividend and a yield of 0.1%. First Majestic Silver’s dividend payout ratio (DPR) is currently 5.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AG shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of First Majestic Silver in a report on Friday, January 16th. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Scotiabank raised their target price on shares of First Majestic Silver from $12.50 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of First Majestic Silver in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of First Majestic Silver from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, First Majestic Silver currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

First Majestic Silver Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.