Euro Pacific Asset Management LLC Has $251,000 Position in First Majestic Silver Corp. (NYSE:AG)

Euro Pacific Asset Management LLC grew its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,211 shares of the mining company’s stock after purchasing an additional 5,181 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in First Majestic Silver were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cetera Advisors LLC lifted its position in shares of First Majestic Silver by 3.1% in the first quarter. Cetera Advisors LLC now owns 53,577 shares of the mining company’s stock worth $315,000 after buying an additional 1,601 shares during the last quarter. Blue Trust Inc. boosted its position in First Majestic Silver by 77.3% during the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after purchasing an additional 2,253 shares during the period. Veracity Capital LLC raised its position in shares of First Majestic Silver by 18.5% in the third quarter. Veracity Capital LLC now owns 17,344 shares of the mining company’s stock valued at $104,000 after purchasing an additional 2,710 shares during the period. International Assets Investment Management LLC lifted its stake in shares of First Majestic Silver by 39.5% in the second quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock worth $83,000 after buying an additional 3,960 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in First Majestic Silver by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 238,618 shares of the mining company’s stock valued at $1,411,000 after acquiring an additional 3,980 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AG shares. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research note on Friday, October 18th.

First Majestic Silver Stock Performance

NYSE:AG opened at $6.34 on Friday. The firm has a 50 day moving average of $6.50 and a 200-day moving average of $6.35. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.44. The stock has a market capitalization of $1.91 billion, a P/E ratio of -23.48 and a beta of 1.31. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16.

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

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0048 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is -7.41%.

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.