Themes Management Co LLC Takes Position in First Majestic Silver Corp. $AG

Themes Management Co LLC acquired a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 44,152 shares of the mining company’s stock, valued at approximately $737,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sprott Inc. raised its stake in First Majestic Silver by 51.8% during the 3rd quarter. Sprott Inc. now owns 2,036,679 shares of the mining company’s stock worth $24,974,000 after acquiring an additional 695,391 shares in the last quarter. Vanguard Group Inc. raised its stake in First Majestic Silver by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,050,155 shares of the mining company’s stock worth $221,657,000 after acquiring an additional 739,315 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of First Majestic Silver by 108.7% in the 3rd quarter. Alps Advisors Inc. now owns 7,203,207 shares of the mining company’s stock valued at $88,527,000 after purchasing an additional 3,751,376 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of First Majestic Silver in the 3rd quarter valued at about $1,045,000. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of First Majestic Silver in the 3rd quarter valued at about $3,131,000. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AG shares. BMO Capital Markets raised First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. HC Wainwright boosted their target price on First Majestic Silver to $30.75 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research downgraded First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.25.

First Majestic Silver Stock Down 0.1%

Shares of NYSE:AG opened at $19.44 on Tuesday. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 32.39 and a beta of 0.85. The firm’s 50-day simple moving average is $20.79 and its 200-day simple moving average is $19.94. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. First Majestic Silver Corp. has a fifty-two week low of $5.76 and a fifty-two week high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $476.67 million during the quarter, compared to analysts’ expectations of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. The firm’s revenue was up 95.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. As a group, equities research analysts predict that First Majestic Silver Corp. will post 0.74 earnings per share for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.0171 per share. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 20th. First Majestic Silver’s payout ratio is presently 11.67%.

First Majestic Silver Company 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.