First Majestic Silver Corp. $AG Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 226.0% in the 4th quarter, HoldingsChannel reports. The firm owned 105,943 shares of the mining company’s stock after purchasing an additional 73,443 shares during the period. Foundations Investment Advisors LLC’s holdings in First Majestic Silver were worth $1,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AG. Van ECK Associates Corp grew its stake in First Majestic Silver by 32.0% during the 3rd quarter. Van ECK Associates Corp now owns 43,225,807 shares of the mining company’s stock worth $531,234,000 after purchasing an additional 10,471,543 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in First Majestic Silver by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock worth $232,539,000 after purchasing an additional 5,265,612 shares in the last quarter. Alps Advisors Inc. grew its stake in First Majestic Silver by 108.7% during the 3rd quarter. Alps Advisors Inc. now owns 7,203,207 shares of the mining company’s stock worth $88,527,000 after purchasing an additional 3,751,376 shares in the last quarter. Artemis Investment Management LLP acquired a new position in First Majestic Silver during the 4th quarter worth $45,898,000. Finally, Hillsdale Investment Management Inc. acquired a new position in First Majestic Silver during the 3rd quarter worth $32,795,000. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Trading Up 2.3%

NYSE:AG opened at $21.05 on Friday. The stock has a 50-day simple moving average of $20.68 and a 200-day simple moving average of $20.15. The stock has a market cap of $10.39 billion, a P/E ratio of 35.09 and a beta of 0.85. First Majestic Silver Corp. has a 1 year low of $6.00 and a 1 year high of $32.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.54 and a current ratio of 2.73.

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

First Majestic Silver Increases Dividend

The company 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 represents a $0.07 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, May 20th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. First Majestic Silver’s dividend payout ratio (DPR) is presently 11.67%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AG. Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings raised First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank raised First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Finally, BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, First Majestic Silver currently has an average rating of “Moderate Buy” and an average target price of $25.25.

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.