First Majestic Silver Corp. $AG Position Increased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co boosted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 50.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 238,500 shares of the mining company’s stock after buying an additional 80,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in First Majestic Silver were worth $3,986,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AG. Moors & Cabot Inc. boosted its stake in shares of First Majestic Silver by 2.8% during the 3rd quarter. Moors & Cabot Inc. now owns 35,295 shares of the mining company’s stock worth $434,000 after acquiring an additional 945 shares in the last quarter. Signaturefd LLC raised its position in shares of First Majestic Silver by 4.7% during the third quarter. Signaturefd LLC now owns 22,275 shares of the mining company’s stock worth $274,000 after purchasing an additional 1,008 shares during the period. Bogart Wealth LLC lifted its holdings in shares of First Majestic Silver by 52.2% during the fourth quarter. Bogart Wealth LLC now owns 3,500 shares of the mining company’s stock valued at $58,000 after purchasing an additional 1,200 shares during the last quarter. Choreo LLC lifted its holdings in shares of First Majestic Silver by 1.7% during the fourth quarter. Choreo LLC now owns 72,628 shares of the mining company’s stock valued at $1,230,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Mariner LLC boosted its position in shares of First Majestic Silver by 2.7% in the 3rd quarter. Mariner LLC now owns 51,588 shares of the mining company’s stock valued at $634,000 after purchasing an additional 1,366 shares during the period. Institutional investors own 27.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AG shares. Scotiabank raised First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. Wall Street Zen upgraded shares of First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 26th. HC Wainwright lifted their target price on shares of First Majestic Silver to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of First Majestic Silver in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

First Majestic Silver Stock Up 0.7%

Shares of First Majestic Silver stock opened at $19.85 on Friday. First Majestic Silver Corp. has a 1 year low of $5.49 and a 1 year high of $32.03. The company has a market cap of $9.78 billion, a P/E ratio of 56.70 and a beta of 0.85. The company has a current ratio of 2.60, a quick ratio of 2.41 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $22.91 and a 200 day moving average price of $19.07.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $463.92 million for the quarter, compared to analysts’ expectations of $561.30 million. First Majestic Silver had a return on equity of 7.25% and a net margin of 13.12%.The business’s revenue for the quarter was up 169.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. As a group, analysts expect that First Majestic Silver Corp. will post 0.72 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.03 dividend on an annualized basis and a yield of 0.2%. First Majestic Silver’s payout ratio is presently 8.57%.

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.