Pine Valley Investments Ltd Liability Co Purchases 10,686 Shares of First Majestic Silver Corp. (NYSE:AG)

Pine Valley Investments Ltd Liability Co grew its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 186,978 shares of the mining company’s stock after acquiring an additional 10,686 shares during the quarter. Pine Valley Investments Ltd Liability Co owned about 0.06% of First Majestic Silver worth $1,027,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AG. Creative Planning bought a new stake in First Majestic Silver in the third quarter worth $72,000. Blue Trust Inc. lifted its position in First Majestic Silver by 77.3% in the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after buying an additional 2,253 shares during the last quarter. Raymond James & Associates lifted its position in First Majestic Silver by 17.7% in the third quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock worth $3,349,000 after buying an additional 83,867 shares during the last quarter. International Assets Investment Management LLC lifted its position in First Majestic Silver by 136.4% in the third quarter. International Assets Investment Management LLC now owns 33,090 shares of the mining company’s stock worth $1,990,000 after buying an additional 19,095 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in First Majestic Silver in the third quarter worth $295,000. 27.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AG has been the subject of a number of analyst reports. Scotiabank lowered their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. HC Wainwright restated a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research report on Friday, February 21st. Finally, StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

First Majestic Silver Stock Performance

AG stock opened at $5.47 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $6.03. First Majestic Silver Corp. has a twelve month low of $4.37 and a twelve month high of $8.44. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -15.61 and a beta of 1.24.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $172.34 million during the quarter, compared to analysts’ expectations of $227.77 million. Analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.0057 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.42%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is currently -5.71%.

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.