Fiduciary Family Office LLC Buys Shares of 15,639 First Majestic Silver Corp. (NYSE:AG)

Fiduciary Family Office LLC bought a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,639 shares of the mining company’s stock, valued at approximately $86,000.

A number of other large investors have also recently made changes to their positions in the stock. Synovus Financial Corp purchased a new position in shares of First Majestic Silver in the third quarter valued at $452,000. Tidal Investments LLC boosted its holdings in shares of First Majestic Silver by 1.8% in the 3rd 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 during the period. Virtu Financial LLC lifted its holdings in shares of First Majestic Silver by 95.9% in the 3rd quarter. Virtu Financial LLC now owns 136,356 shares of the mining company’s stock worth $818,000 after acquiring an additional 66,750 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of First Majestic Silver by 6.7% during the third quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company’s stock valued at $176,000 after buying an additional 1,855 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in First Majestic Silver by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 136,901 shares of the mining company’s stock valued at $825,000 after acquiring an additional 12,171 shares during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AG. 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, January 10th. Scotiabank reduced their target price on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th.

First Majestic Silver Trading Down 1.9 %

Shares of First Majestic Silver stock opened at $5.62 on Thursday. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The firm has a 50-day simple moving average of $5.97 and a two-hundred day simple moving average of $6.08.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $146.09 million during the quarter. Equities research analysts forecast that First Majestic Silver Corp. will post -0.16 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, November 29th. Shareholders of record on Friday, November 15th were paid a $0.0048 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.34%. First Majestic Silver’s dividend payout ratio (DPR) is -7.41%.

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.