Hillsdale Investment Management Inc. purchased a new position in First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) during the third quarter, Holdings Channel reports. The fund purchased 2,671,305 shares of the mining company’s stock, valued at approximately $32,795,000. First Majestic Silver accounts for 1.0% of Hillsdale Investment Management Inc.’s holdings, making the stock its 25th largest holding.
A number of other institutional investors have also recently made changes to their positions in AG. Bogart Wealth LLC bought a new position in shares of First Majestic Silver in the third quarter worth approximately $28,000. Sound Income Strategies LLC raised its holdings in First Majestic Silver by 29,900.0% during the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after buying an additional 2,990 shares during the last quarter. CWM LLC boosted its position in First Majestic Silver by 57.2% during the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company’s stock valued at $42,000 after buying an additional 1,860 shares during the period. AdvisorNet Financial Inc grew its holdings in First Majestic Silver by 33.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock worth $48,000 after acquiring an additional 971 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in First Majestic Silver by 7,831.6% in the 3rd quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company’s stock worth $74,000 after acquiring an additional 5,952 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.
Key First Majestic Silver News
Here are the key news stories impacting First Majestic Silver this week:
- Positive Sentiment: Earnings beat & return to profitability — First Majestic reported Q4 EPS of $0.30 vs. $0.27 consensus and swung to profit for the year, which is the primary catalyst investors are rewarding. This underpins the rally and supports sentiment that operational leverage to silver is working in a rising-price environment. Earnings Press Release
- Positive Sentiment: Dividend hike — the company raised its quarterly payout ~59.6% to $0.0083 (annualized yield ~0.1%), signaling stronger cash flow and returning capital to shareholders, which supports the bullish narrative. Dividend & Results Release
- Positive Sentiment: Unusually large call option activity — traders bought ~109,053 call options (≈+51% vs. average), indicating short-term bullish positioning that can amplify upside intraday/near-term. (No external link provided)
- Neutral Sentiment: Revenue missed expectations — Q4 revenue was $463.9M versus ~$561.3M consensus, a notable shortfall that tempers the EPS beat and reminds investors that volumes/realizations matter; keep an eye on guidance and silver price sensitivity. Earnings Snapshot
- Neutral Sentiment: Media coverage and investor notes highlighted the turnaround and dividend, helping momentum but also attracting short-term traders; monitor volume and whether buying is sustained. Example coverage: Yahoo Article and Insidermonkey Article
- Negative Sentiment: Analyst downgrade — Seeking Alpha published a “double downgrade” note warning that leverage to silver can cut both ways, which could pressure sentiment if silver prices pull back or operational metrics disappoint. Seeking Alpha Downgrade
Analysts Set New Price Targets
First Majestic Silver Trading Up 11.1%
AG opened at $27.54 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.38 and a debt-to-equity ratio of 0.07. First Majestic Silver Corp. has a 52 week low of $5.09 and a 52 week high of $27.90. The stock has a market cap of $13.57 billion, a PE ratio of 78.68 and a beta of 0.85. The business has a 50 day moving average of $20.51 and a 200-day moving average of $14.76.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last issued its quarterly earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $463.92 million for the quarter, compared to analysts’ expectations of $561.30 million. First Majestic Silver had a return on equity of 7.41% and a net margin of 13.12%.The firm’s revenue for the quarter was up 169.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. Equities research analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.
First Majestic Silver Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $0.0083 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, February 27th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s dividend payout ratio (DPR) is 5.71%.
First Majestic Silver Company 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.
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