Mackenzie Financial Corp Increases Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Mackenzie Financial Corp increased its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,363 shares of the mining company’s stock after buying an additional 6,875 shares during the quarter. Mackenzie Financial Corp’s holdings in First Majestic Silver were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC grew its stake in First Majestic Silver by 59.7% during the 3rd quarter. CWM LLC now owns 5,433 shares of the mining company’s stock valued at $28,000 after purchasing an additional 2,030 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of First Majestic Silver in the third quarter valued at about $77,000. AXQ Capital LP increased its holdings in shares of First Majestic Silver by 63.2% in the third quarter. AXQ Capital LP now owns 17,300 shares of the mining company’s stock valued at $89,000 after purchasing an additional 6,700 shares during the period. Capital Management Associates Inc acquired a new position in shares of First Majestic Silver in the fourth quarter valued at about $92,000. Finally, Koshinski Asset Management Inc. increased its holdings in shares of First Majestic Silver by 51.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 20,090 shares of the mining company’s stock valued at $124,000 after purchasing an additional 6,800 shares during the period. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AG. StockNews.com raised First Majestic Silver to a “sell” rating in a report on Monday, February 26th. HC Wainwright increased their price objective on First Majestic Silver from $7.00 to $8.50 and gave the company a “buy” rating in a report on Friday, April 19th.

First Majestic Silver Stock Up 2.1 %

First Majestic Silver stock opened at $6.94 on Friday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -14.46 and a beta of 1.43. First Majestic Silver Corp. has a 52 week low of $4.17 and a 52 week high of $8.44. The business’s 50-day moving average price is $5.90 and its 200 day moving average price is $5.54. The company has a quick ratio of 2.04, a current ratio of 2.57 and a debt-to-equity ratio of 0.18.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, February 22nd. The mining company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $136.95 million for the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. During the same period last year, the business earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that First Majestic Silver Corp. will post -0.01 earnings per share for the current year.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.0048 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is currently -4.17%.

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.