102,000 Shares in First Majestic Silver Corp. $AG Acquired by Auxano Advisors LLC

Auxano Advisors LLC purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 102,000 shares of the mining company’s stock, valued at approximately $1,699,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lodestone Wealth Management LLC bought a new stake in shares of First Majestic Silver during the fourth quarter worth approximately $25,000. Spire Wealth Management bought a new stake in shares of First Majestic Silver during the fourth quarter worth approximately $35,000. Aventura Private Wealth LLC bought a new stake in shares of First Majestic Silver during the fourth quarter worth approximately $42,000. Trust Co. of Vermont bought a new stake in shares of First Majestic Silver during the fourth quarter worth approximately $43,000. Finally, Bogart Wealth LLC grew its holdings in First Majestic Silver by 52.2% during the fourth quarter. Bogart Wealth LLC now owns 3,500 shares of the mining company’s stock valued at $58,000 after purchasing an additional 1,200 shares during the period. 27.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

AG has been the subject of a number of analyst reports. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd. HC Wainwright boosted their price objective on shares of First Majestic Silver to $30.75 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research cut shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday. One equities research 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, First Majestic Silver has an average rating of “Moderate Buy” and a consensus target price of $25.25.

First Majestic Silver Stock Performance

Shares of AG stock opened at $19.75 on Tuesday. The stock has a market cap of $9.75 billion, a P/E ratio of 32.91 and a beta of 0.85. 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 fifty day moving average price of $21.41 and a two-hundred day moving average price of $19.70. First Majestic Silver Corp. has a one year low of $5.55 and a one year high of $32.03.

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

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 20th will be given a $0.0171 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 annualized dividend and a dividend yield of 0.3%. First Majestic Silver’s payout ratio is currently 5.00%.

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.