46,152 Shares in First Majestic Silver Corp. $AG Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. acquired a new position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 46,152 shares of the mining company’s stock, valued at approximately $769,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in shares of First Majestic Silver by 32.0% in the third quarter. Van ECK Associates Corp now owns 43,225,807 shares of the mining company’s stock worth $531,234,000 after buying an additional 10,471,543 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of First Majestic Silver by 14.0% in the third quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock worth $258,273,000 after buying an additional 2,581,023 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of First Majestic Silver by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 18,995,222 shares of the mining company’s stock worth $316,914,000 after buying an additional 945,067 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in First Majestic Silver by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock valued at $232,539,000 after purchasing an additional 5,265,612 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in First Majestic Silver by 7.6% during the third quarter. Jupiter Asset Management Ltd. now owns 9,698,674 shares of the mining company’s stock valued at $119,197,000 after purchasing an additional 685,458 shares in the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Price Performance

Shares of NYSE:AG opened at $19.78 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54. First Majestic Silver Corp. has a 1-year low of $7.74 and a 1-year high of $32.03. The company has a market capitalization of $9.77 billion, a P/E ratio of 32.97 and a beta of 0.86. The firm’s 50 day simple moving average is $20.78 and its two-hundred day simple moving average is $20.43.

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

First Majestic Silver Increases Dividend

The business 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%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, May 20th. First Majestic Silver’s payout ratio is presently 11.67%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AG shares. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. HC Wainwright lifted their price target on shares of First Majestic Silver to $30.75 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Scotiabank raised shares of First Majestic Silver to a “hold” rating in a report on Thursday, April 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.