Signaturefd LLC Has $115,000 Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Signaturefd LLC lifted its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 472.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,020 shares of the mining company’s stock after acquiring an additional 17,349 shares during the period. Signaturefd LLC’s holdings in First Majestic Silver were worth $115,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Tidal Investments LLC raised its position in First Majestic Silver by 1.8% in the third quarter. Tidal Investments LLC now owns 5,780,689 shares of the mining company’s stock worth $34,684,000 after purchasing an additional 99,640 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of 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 buying an additional 104,092 shares in the last quarter. Sprott Inc. lifted its position in shares of First Majestic Silver by 26.3% during the 4th quarter. Sprott Inc. now owns 655,445 shares of the mining company’s stock worth $3,600,000 after buying an additional 136,348 shares during the period. Swiss National Bank boosted its stake in First Majestic Silver by 4.0% in the 4th quarter. Swiss National Bank now owns 595,700 shares of the mining company’s stock valued at $3,272,000 after buying an additional 23,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in First Majestic Silver by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company’s stock valued at $3,109,000 after acquiring an additional 18,219 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on AG shares. HC Wainwright restated a “buy” rating and issued a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. Scotiabank reduced their price target on shares of 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. StockNews.com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, TD Securities raised First Majestic Silver to a “hold” rating in a report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, First Majestic Silver presently has a consensus rating of “Hold” and a consensus target price of $8.50.

First Majestic Silver Stock Performance

First Majestic Silver stock opened at $6.94 on Monday. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44. The stock has a 50-day simple moving average of $5.85 and a 200 day simple moving average of $6.11. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -19.84 and a beta of 1.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The company had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. On average, research analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.33%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 28th. First Majestic Silver’s dividend payout ratio (DPR) is presently -5.71%.

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.