Stonehage Fleming Financial Services Holdings Ltd Takes $126,000 Position in First Majestic Silver Corp. (NYSE:AG)

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the fourth quarter, Holdings Channel reports. The firm acquired 23,000 shares of the mining company’s stock, valued at approximately $126,000.

A number of other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of First Majestic Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company’s stock valued at $173,478,000 after acquiring an additional 764,790 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of First Majestic Silver by 1.8% in the 3rd 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. Dimensional Fund Advisors LP grew its holdings in shares of First Majestic Silver by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock valued at $18,701,000 after purchasing an additional 103,232 shares during the last quarter. National Bank of Canada FI raised its position in First Majestic Silver by 18.0% in the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock worth $4,102,000 after purchasing an additional 104,092 shares during the period. Finally, Marshall Wace LLP bought a new stake in First Majestic Silver in the second quarter worth $3,904,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Stock Performance

Shares of NYSE:AG opened at $5.63 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The business has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $6.07. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The firm had revenue of $146.09 million during the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. Equities research analysts forecast that First Majestic Silver Corp. will post -0.16 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.0048 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, November 15th. First Majestic Silver’s dividend payout ratio (DPR) is currently -7.41%.

Analysts Set New Price Targets

Several brokerages have weighed in on AG. Scotiabank lowered their price objective on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. HC Wainwright reiterated a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a report on Friday, January 10th.

First Majestic Silver Company 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.