Generali Investments CEE investicni spolecnost a.s. Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,000 shares of the mining company’s stock, valued at approximately $55,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC bought a new position in shares of First Majestic Silver during the 3rd quarter worth approximately $2,419,000. Realta Investment Advisors boosted its stake in shares of First Majestic Silver by 16.8% during the 4th quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock worth $2,882,000 after acquiring an additional 71,456 shares during the period. National Bank of Canada FI boosted its stake in shares of First Majestic Silver by 18.0% during the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock worth $4,102,000 after acquiring an additional 104,092 shares during the period. Point72 Asset Management L.P. bought a new position in shares of First Majestic Silver during the 3rd quarter worth approximately $748,000. Finally, XTX Topco Ltd boosted its stake in shares of First Majestic Silver by 1,510.1% during the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company’s stock worth $1,630,000 after acquiring an additional 254,870 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AG. HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Scotiabank reduced their target price on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th.

First Majestic Silver Stock Performance

AG opened at $5.91 on Monday. The business has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $6.04. The company has a market capitalization of $1.84 billion, a PE ratio of -16.87 and a beta of 1.16. First Majestic Silver Corp. has a 1 year low of $4.43 and a 1 year high of $8.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) 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 the consensus estimate of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. Research analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0057 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.39%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Friday, February 28th. First Majestic Silver’s dividend payout ratio is presently -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.