First Majestic Silver Corp. $AG Stock Holdings Lessened by Vontobel Holding Ltd.

by · The Cerbat Gem

Vontobel Holding Ltd. cut its stake in shares of First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) by 73.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,102 shares of the mining company’s stock after selling 122,509 shares during the quarter. Vontobel Holding Ltd.’s holdings in First Majestic Silver were worth $542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tidal Investments LLC lifted its holdings in shares of First Majestic Silver by 5.1% during the second quarter. Tidal Investments LLC now owns 18,433,836 shares of the mining company’s stock valued at $152,448,000 after purchasing an additional 890,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in First Majestic Silver by 74.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,666,756 shares of the mining company’s stock valued at $112,880,000 after buying an additional 5,821,751 shares in the last quarter. Lingotto Investment Management LLP lifted its stake in First Majestic Silver by 2.2% during the second quarter. Lingotto Investment Management LLP now owns 9,964,096 shares of the mining company’s stock valued at $82,403,000 after buying an additional 213,577 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of First Majestic Silver by 30.9% in the second quarter. Jupiter Asset Management Ltd. now owns 9,013,216 shares of the mining company’s stock worth $74,539,000 after buying an additional 2,126,803 shares during the period. Finally, TD Asset Management Inc increased its position in shares of First Majestic Silver by 17.2% in the second quarter. TD Asset Management Inc now owns 2,920,871 shares of the mining company’s stock worth $24,125,000 after acquiring an additional 428,006 shares in the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Stock Down 4.1%

AG opened at $16.70 on Tuesday. First Majestic Silver Corp. has a fifty-two week low of $5.09 and a fifty-two week high of $17.91. The business has a 50-day moving average of $13.93 and a 200-day moving average of $11.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.96. The company has a market capitalization of $8.20 billion, a PE ratio of 119.27 and a beta of 0.84.

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last released its quarterly earnings data on Wednesday, November 5th. The mining company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $285.10 million during the quarter, compared to analyst estimates of $429.78 million. First Majestic Silver had a return on equity of 3.14% and a net margin of 7.07%.The company’s quarterly revenue was up 95.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) EPS. Equities research analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.0052 per share. The ex-dividend date was Friday, November 14th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is 14.29%.

Analysts Set New Price Targets

A number of research firms recently commented on AG. BMO Capital Markets reaffirmed a “market perform” rating on shares of First Majestic Silver in a research note on Tuesday, October 7th. National Bank Financial raised First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 5th. Wall Street Zen lowered First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. HC Wainwright set a $17.50 price objective on First Majestic Silver in a research note on Friday, October 10th. Finally, Scotiabank lifted their target price on First Majestic Silver from $9.00 to $12.50 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, First Majestic Silver has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

Get Our Latest Stock Analysis on First Majestic Silver

First Majestic Silver Profile

(Free Report)

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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