First Majestic Silver Corp. (NYSE:AG) Receives Average Rating of “Hold” from Analysts

Shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have been given an average rating of “Hold” by the four analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.50.

AG has been the topic of several recent analyst reports. Scotiabank restated a “sector perform” rating and issued a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. TD Securities upgraded shares of First Majestic Silver to a “hold” rating in a report on Monday, March 10th. National Bankshares reissued a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price objective on shares of First Majestic Silver in a research report on Friday, February 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AG. Tidal Investments LLC boosted its holdings in shares of First Majestic Silver by 135.2% in the 4th quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company’s stock valued at $74,647,000 after buying an additional 7,816,177 shares in the last quarter. Vanguard Group Inc. raised its position in First Majestic Silver by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company’s stock worth $62,784,000 after acquiring an additional 598,996 shares during the period. Two Sigma Investments LP increased its position in shares of First Majestic Silver by 46.8% during the fourth quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company’s stock worth $24,463,000 after purchasing an additional 1,420,937 shares in the last quarter. Renaissance Technologies LLC lifted its position in First Majestic Silver by 897.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company’s stock worth $20,638,000 after buying an additional 3,382,443 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of First Majestic Silver by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company’s stock valued at $19,060,000 after buying an additional 121,892 shares during the period. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

NYSE AG opened at $6.39 on Friday. First Majestic Silver has a 52-week low of $4.43 and a 52-week high of $8.09. The company has a fifty day moving average of $6.28 and a 200-day moving average of $6.16. The company has a market capitalization of $3.10 billion, a P/E ratio of -18.26 and a beta of 0.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $172.34 million for the quarter, compared to analysts’ expectations of $227.77 million. As a group, equities research analysts predict that First Majestic Silver will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.0057 per share. The ex-dividend date was Friday, February 28th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a yield of 0.36%. First Majestic Silver’s dividend payout ratio is presently -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.