WINTON GROUP Ltd Invests $633,000 in First Majestic Silver Corp. $AG

WINTON GROUP Ltd bought a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 38,000 shares of the mining company’s stock, valued at approximately $633,000.

Several other large investors also recently modified their holdings of AG. Royal Bank of Canada grew its holdings in shares of First Majestic Silver by 77.4% during the 1st quarter. Royal Bank of Canada now owns 604,186 shares of the mining company’s stock worth $4,042,000 after purchasing an additional 263,688 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of First Majestic Silver by 355.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,193,589 shares of the mining company’s stock worth $7,985,000 after purchasing an additional 931,690 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First Majestic Silver by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 240,083 shares of the mining company’s stock worth $1,994,000 after purchasing an additional 26,553 shares in the last quarter. Creative Planning grew its holdings in shares of First Majestic Silver by 25.3% during the 2nd quarter. Creative Planning now owns 28,837 shares of the mining company’s stock worth $238,000 after purchasing an additional 5,828 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of First Majestic Silver by 12.8% during the 2nd quarter. Franklin Resources Inc. now owns 25,940 shares of the mining company’s stock worth $215,000 after buying an additional 2,936 shares during the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AG has been the subject of several recent analyst reports. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research downgraded First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. BMO Capital Markets upgraded First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. HC Wainwright upped their price objective on First Majestic Silver to $30.75 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.25.

First Majestic Silver Price Performance

Shares of AG opened at $15.70 on Thursday. First Majestic Silver Corp. has a 1 year low of $7.74 and a 1 year high of $32.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 26.16 and a beta of 0.86. The business has a 50-day moving average of $20.50 and a 200-day moving average of $20.58.

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

First Majestic Silver Increases Dividend

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

First Majestic Silver 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.