Rathbones Group PLC Has $312,000 Holdings in First Majestic Silver Corp. (NYSE:AG)

Rathbones Group PLC raised its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,852 shares of the mining company’s stock after buying an additional 2,325 shares during the quarter. Rathbones Group PLC’s holdings in First Majestic Silver were worth $312,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of First Majestic Silver by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company’s stock valued at $62,784,000 after purchasing an additional 598,996 shares in the last quarter. Tidal Investments LLC raised its stake in shares of First Majestic Silver by 1.8% in the third quarter. Tidal Investments LLC now owns 5,780,689 shares of the mining company’s stock valued at $34,684,000 after purchasing an additional 99,640 shares in the last quarter. Trexquant Investment LP raised its stake in shares of First Majestic Silver by 161.0% in the fourth quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company’s stock valued at $5,637,000 after purchasing an additional 633,413 shares in the last quarter. National Bank of Canada FI raised its stake in shares of First Majestic Silver by 19.4% in the fourth quarter. National Bank of Canada FI now owns 816,288 shares of the mining company’s stock valued at $4,485,000 after purchasing an additional 132,661 shares in the last quarter. Finally, Sprott Inc. raised its stake in shares of First Majestic Silver by 26.3% in the fourth quarter. Sprott Inc. now owns 655,445 shares of the mining company’s stock valued at $3,600,000 after purchasing an additional 136,348 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Price Performance

Shares of AG stock opened at $5.92 on Thursday. The stock’s fifty day moving average is $6.03 and its 200-day moving average is $6.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. The stock has a market capitalization of $2.87 billion, a PE ratio of -16.91 and a beta of 0.97. First Majestic Silver Corp. has a 52 week low of $4.43 and a 52 week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $172.34 million for the quarter, compared to the consensus estimate of $227.77 million. Equities research analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.0057 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, February 28th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is -5.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AG. HC Wainwright reiterated a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research report on Friday, February 21st. TD Securities upgraded First Majestic Silver to a “hold” rating in a research report on Monday, March 10th. National Bankshares reiterated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Scotiabank reiterated a “sector perform” rating and issued a $6.00 price target on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.50.

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.