Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys Shares of 22,900 First Majestic Silver Corp. (NYSE:AG)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,900 shares of the mining company’s stock, valued at approximately $126,000. First Majestic Silver comprises about 0.4% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AG. Allworth Financial LP raised its stake in First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock valued at $29,000 after buying an additional 4,591 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of First Majestic Silver in the 4th quarter valued at approximately $55,000. Y Intercept Hong Kong Ltd acquired a new stake in First Majestic Silver in the 3rd quarter worth approximately $70,000. Kingswood Wealth Advisors LLC purchased a new stake in First Majestic Silver during the 4th quarter worth approximately $82,000. Finally, Fiduciary Family Office LLC purchased a new position in shares of First Majestic Silver in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

Wall Street Analyst Weigh In

AG has been the topic of several research reports. HC Wainwright reissued a “buy” rating and issued a $11.00 target price on shares of First Majestic Silver in a research report on Friday, February 21st. TD Securities upgraded First Majestic Silver to a “hold” rating in a research report on Monday, March 10th. Scotiabank reduced their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.50.

First Majestic Silver Trading Down 3.1 %

NYSE AG opened at $6.76 on Friday. The firm has a 50 day moving average of $5.96 and a two-hundred day moving average of $6.17. 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 stock has a market capitalization of $3.27 billion, a PE ratio of -19.30 and a beta of 1.16. First Majestic Silver Corp. has a 52 week low of $4.43 and a 52 week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $172.34 million during the quarter, compared to analysts’ expectations of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. As a group, research analysts expect 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, March 14th. Stockholders of record on Friday, February 28th were issued a $0.0057 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, February 28th. First Majestic Silver’s dividend payout ratio (DPR) is currently -5.71%.

First Majestic Silver Company 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.