Lingotto Investment Management LLP Grows Stock Holdings in First Majestic Silver Corp. $AG

Lingotto Investment Management LLP raised its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,046,918 shares of the mining company’s stock after purchasing an additional 24,228 shares during the period. First Majestic Silver makes up approximately 2.9% of Lingotto Investment Management LLP’s holdings, making the stock its 11th largest holding. Lingotto Investment Management LLP owned approximately 2.04% of First Majestic Silver worth $167,382,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in First Majestic Silver by 32.0% during the third quarter. Van ECK Associates Corp now owns 43,225,807 shares of the mining company’s stock valued at $531,234,000 after purchasing an additional 10,471,543 shares in the last quarter. Tidal Investments LLC raised its position in First Majestic Silver by 14.0% during the third quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock valued at $258,273,000 after purchasing an additional 2,581,023 shares in the last quarter. Vanguard Group Inc. raised its position in First Majestic Silver by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 18,995,222 shares of the mining company’s stock valued at $316,914,000 after purchasing an additional 945,067 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Majestic Silver by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock valued at $232,539,000 after purchasing an additional 5,265,612 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in First Majestic Silver by 7.6% during 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 in the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

Shares of AG opened at $20.84 on Tuesday. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average price is $20.72 and its 200-day moving average price is $20.27. First Majestic Silver Corp. has a 52 week low of $6.39 and a 52 week high of $32.03. The stock has a market cap of $10.29 billion, a P/E ratio of 34.73 and a beta of 0.86.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The company had revenue of $476.67 million during the quarter, compared to the consensus estimate of $522.00 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 95.3% compared to the same quarter last year. Equities research analysts anticipate that First Majestic Silver Corp. will post 0.74 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 Friday, May 29th. Stockholders of record on Wednesday, May 20th were given a $0.0171 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s payout ratio is presently 11.67%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. Scotiabank raised First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. Weiss Ratings raised First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.25.

First Majestic Silver Company 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.