Northwest & Ethical Investments L.P. Has $105,000 Holdings in First Majestic Silver Corp. (NYSE:AG)

Northwest & Ethical Investments L.P. trimmed its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,410 shares of the mining company’s stock after selling 2,156 shares during the period. Northwest & Ethical Investments L.P.’s holdings in First Majestic Silver were worth $105,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AG. Blue Trust Inc. grew its stake in shares of First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after acquiring an additional 2,253 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in First Majestic Silver in the first quarter valued at $62,000. Dark Forest Capital Management LP acquired a new stake in First Majestic Silver in the 2nd quarter valued at $70,000. Corundum Trust Company INC acquired a new stake in First Majestic Silver in the 3rd quarter valued at $72,000. Finally, Creative Planning bought a new stake in First Majestic Silver during the 3rd quarter worth about $72,000. 27.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $8.50 price objective on shares of First Majestic Silver in a report on Friday, October 18th. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th.

First Majestic Silver Stock Performance

Shares of AG opened at $6.11 on Friday. The company has a market cap of $1.84 billion, a PE ratio of -22.63 and a beta of 1.31. The firm has a 50-day moving average of $6.66 and a 200-day moving average of $6.29. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $8.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The business had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. As a group, equities analysts forecast that First Majestic Silver Corp. will post -0.17 earnings per share for the current year.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.0048 per share. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, November 15th. This represents a $0.02 annualized dividend and a yield of 0.31%. First Majestic Silver’s dividend payout ratio (DPR) is currently -3.70%.

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.