Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Has $1.15 Million Position in First Majestic Silver Corp. $AG

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 120.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,600 shares of the mining company’s stock after acquiring an additional 51,200 shares during the quarter. First Majestic Silver accounts for 2.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 15th biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in First Majestic Silver were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of AG. Bogart Wealth LLC bought a new stake in First Majestic Silver in the third quarter valued at approximately $28,000. Sound Income Strategies LLC grew its holdings in shares of First Majestic Silver by 29,900.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after buying an additional 2,990 shares during the period. CWM LLC grew its holdings in shares of First Majestic Silver by 57.2% in the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company’s stock valued at $42,000 after buying an additional 1,860 shares during the period. AdvisorNet Financial Inc increased its position in shares of First Majestic Silver by 33.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock valued at $48,000 after buying an additional 971 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in First Majestic Silver during the 2nd quarter worth $66,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Up 5.0%

Shares of First Majestic Silver stock opened at $25.43 on Friday. The firm has a market cap of $12.49 billion, a PE ratio of 181.61 and a beta of 0.77. The business’s 50 day simple moving average is $16.77 and its 200 day simple moving average is $12.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.96 and a current ratio of 3.38. First Majestic Silver Corp. has a 52-week low of $5.09 and a 52-week high of $25.47.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Wednesday, November 5th. The mining company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). First Majestic Silver had a return on equity of 3.14% and a net margin of 7.07%.The firm had revenue of $285.10 million for the quarter, compared to analyst estimates of $429.78 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue was up 95.3% compared to the same quarter last year. On average, analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.0052 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, November 14th. First Majestic Silver’s payout ratio is 14.29%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AG. BMO Capital Markets reissued a “market perform” rating on shares of First Majestic Silver in a research note on Friday, January 16th. National Bank Financial upgraded First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 5th. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. HC Wainwright lifted their price target on shares of First Majestic Silver from $17.50 to $24.50 and gave the company a “buy” rating in a research note on Friday, January 16th. Finally, National Bankshares set a $22.00 price target on shares of First Majestic Silver and gave the company an “outperform” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Majestic Silver currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

First Majestic Silver Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.