TD Asset Management Inc Sells 35,726 Shares of First Majestic Silver Corp. $AG

TD Asset Management Inc decreased its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,972,672 shares of the mining company’s stock after selling 35,726 shares during the quarter. TD Asset Management Inc’s holdings in First Majestic Silver were worth $32,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Harbour Investments Inc. raised its position in First Majestic Silver by 2.9% in the 4th quarter. Harbour Investments Inc. now owns 24,656 shares of the mining company’s stock valued at $411,000 after purchasing an additional 697 shares during the last quarter. Moors & Cabot Inc. raised its position in First Majestic Silver by 2.8% in the 3rd quarter. Moors & Cabot Inc. now owns 35,295 shares of the mining company’s stock valued at $434,000 after purchasing an additional 945 shares during the last quarter. Bogart Wealth LLC raised its position in First Majestic Silver by 52.2% in the 4th 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 raised its position in First Majestic Silver by 1.7% in the 4th 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 raised its position in 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 last quarter. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Down 14.1%

NYSE AG opened at $16.98 on Friday. The stock has a fifty day moving average of $20.71 and a 200-day moving average of $20.41. The stock has a market capitalization of $8.38 billion, a P/E ratio of 28.29 and a beta of 0.86. First Majestic Silver Corp. has a 52 week low of $7.74 and a 52 week high of $32.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.54 and a current ratio of 2.73.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $476.67 million during the quarter, compared to analyst estimates of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The firm’s quarterly revenue was up 95.3% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. On average, equities research analysts forecast that First Majestic Silver Corp. will post 0.74 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were paid a dividend of $0.0171 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, May 20th. First Majestic Silver’s payout ratio is presently 11.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AG. Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. HC Wainwright lifted their target price on First Majestic Silver to $30.75 and gave the company a “buy” rating in a research note on Tuesday, May 12th. 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, BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.25.

About First Majestic Silver

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.