U.S. Capital Wealth Advisors LLC Raises Holdings in First Majestic Silver Corp. (NYSE:AG)

U.S. Capital Wealth Advisors LLC lifted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 59.1% in the 4th quarter, Holdings Channel reports. The firm owned 20,200 shares of the mining company’s stock after acquiring an additional 7,500 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in First Majestic Silver were worth $124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in First Majestic Silver by 3.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,631,966 shares of the mining company’s stock valued at $152,012,000 after buying an additional 1,079,150 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in First Majestic Silver by 4.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company’s stock valued at $43,071,000 after acquiring an additional 266,864 shares during the last quarter. Realta Investment Advisors bought a new position in First Majestic Silver in the fourth quarter valued at about $1,357,000. Jump Financial LLC boosted its position in First Majestic Silver by 471.2% in the third quarter. Jump Financial LLC now owns 155,657 shares of the mining company’s stock worth $799,000 after purchasing an additional 128,405 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of First Majestic Silver by 446.6% during the 4th quarter. International Assets Investment Management LLC now owns 148,154 shares of the mining company’s stock valued at $911,000 after purchasing an additional 121,049 shares during the period. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Stock Performance

NYSE:AG opened at $7.11 on Thursday. The stock has a 50-day simple moving average of $6.32 and a two-hundred day simple moving average of $5.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.04 and a current ratio of 2.57. First Majestic Silver Corp. has a 52-week low of $4.17 and a 52-week high of $8.44. The firm has a market capitalization of $2.04 billion, a PE ratio of -14.81 and a beta of 1.39.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The company had revenue of $136.95 million during the quarter. During the same quarter last year, the firm posted ($0.07) earnings per share. Analysts forecast that First Majestic Silver Corp. will post -0.01 EPS for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.0048 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. First Majestic Silver’s dividend payout ratio is -2.08%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AG shares. StockNews.com upgraded shares of First Majestic Silver to a “sell” rating in a research note on Monday, February 26th. HC Wainwright increased their price target on shares of First Majestic Silver from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Friday, April 19th.

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.