First Majestic Silver Corp. (NYSE:AG) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management trimmed its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,166 shares of the mining company’s stock after selling 4,200 shares during the quarter. Hollencrest Capital Management’s holdings in First Majestic Silver were worth $109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after acquiring an additional 2,253 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in First Majestic Silver in the 1st quarter valued at $62,000. Dark Forest Capital Management LP purchased a new position in First Majestic Silver in the 2nd quarter valued at $70,000. Corundum Trust Company INC acquired a new position in First Majestic Silver in the 3rd quarter valued at $72,000. Finally, Creative Planning purchased a new position in First Majestic Silver during the 3rd quarter worth $72,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

Shares of AG stock opened at $6.47 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.44 and a current ratio of 3.05. The stock has a market cap of $1.95 billion, a PE ratio of -23.96 and a beta of 1.31. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.44. The stock has a fifty day moving average price of $6.42 and a 200 day moving average price of $6.37.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $146.09 million during the quarter. First Majestic Silver had a negative return on equity of 4.39% and a negative net margin of 15.37%. Sell-side analysts forecast that First Majestic Silver Corp. will post -0.13 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0048 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date is Friday, November 15th. First Majestic Silver’s dividend payout ratio (DPR) is -3.70%.

Wall Street Analysts Forecast Growth

AG has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $8.50 target price on shares of First Majestic Silver in a research report on Friday, October 18th. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th.

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.