Stonehage Fleming Financial Services Holdings Ltd Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,000 shares of the mining company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in First Majestic Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company’s stock valued at $173,478,000 after purchasing an additional 764,790 shares during the period. Marshall Wace LLP acquired a new position in shares of First Majestic Silver in the 2nd quarter valued at $3,904,000. Barclays PLC bought a new stake in shares of First Majestic Silver in the third quarter worth about $2,419,000. Quantbot Technologies LP bought a new stake in First Majestic Silver during the 3rd quarter worth approximately $2,057,000. Finally, XTX Topco Ltd increased its position in shares of First Majestic Silver by 1,510.1% during the third quarter. XTX Topco Ltd now owns 271,748 shares of the mining company’s stock worth $1,630,000 after acquiring an additional 254,870 shares in the last quarter. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Price Performance

Shares of AG stock 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’s 50-day moving average price is $5.93 and its 200-day moving average price is $6.07. First Majestic Silver Corp. has a 12 month low of $4.17 and a 12 month high of $8.44.

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

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.0048 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.02 annualized dividend and a yield of 0.34%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is presently -7.41%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a research note on Friday, January 10th. Scotiabank lowered their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th.

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.