Lincoln Capital Corp Buys 35,850 Shares of First Majestic Silver Corp. $AG

Lincoln Capital Corp increased its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 104.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,150 shares of the mining company’s stock after acquiring an additional 35,850 shares during the quarter. Lincoln Capital Corp’s holdings in First Majestic Silver were worth $1,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new stake in First Majestic Silver in the 4th quarter valued at $25,000. Bogart Wealth LLC bought a new stake in First Majestic Silver in the 3rd quarter valued at $28,000. Spire Wealth Management bought a new stake in First Majestic Silver in the 4th quarter valued at $35,000. Sound Income Strategies LLC increased its holdings in First Majestic Silver by 29,900.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after buying an additional 2,990 shares during the period. Finally, Aventura Private Wealth LLC bought a new stake in First Majestic Silver in the 4th quarter valued at $42,000. Institutional investors own 27.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AG shares. Wall Street Zen raised shares of First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Zacks Research lowered shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. HC Wainwright boosted their price target on shares of First Majestic Silver to $30.00 and gave the company a “buy” rating in a report on Friday, February 20th. Scotiabank boosted their price target on shares of First Majestic Silver from $12.50 to $23.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of First Majestic Silver in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

First Majestic Silver Stock Up 0.0%

Shares of NYSE AG opened at $20.59 on Friday. The firm’s 50-day simple moving average is $23.45 and its 200 day simple moving average is $18.25. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 58.84 and a beta of 0.97. The company has a quick ratio of 2.41, a current ratio of 2.60 and a debt-to-equity ratio of 0.09. First Majestic Silver Corp. has a 12-month low of $5.49 and a 12-month high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $463.92 million for the quarter, compared to the consensus estimate of $561.30 million. First Majestic Silver had a net margin of 13.12% and a return on equity of 7.25%. The firm’s quarterly revenue was up 169.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.0083 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, February 27th. This represents a $0.03 annualized dividend and a yield of 0.2%. First Majestic Silver’s dividend payout ratio is currently 8.57%.

About First Majestic Silver

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.