International Assets Investment Management LLC Buys 121,049 Shares of First Majestic Silver Corp. (NYSE:AG)

International Assets Investment Management LLC increased its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 446.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,154 shares of the mining company’s stock after purchasing an additional 121,049 shares during the quarter. International Assets Investment Management LLC owned 0.05% of First Majestic Silver worth $911,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of First Majestic Silver by 59.7% in 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 bought a new position in First Majestic Silver in the third quarter valued at about $77,000. AXQ Capital LP grew its position in 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 acquiring an additional 6,700 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in First Majestic Silver during the third quarter worth about $145,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Majestic Silver by 32.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 39,831 shares of the mining company’s stock worth $204,000 after acquiring an additional 9,675 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Stock Up 4.1 %

Shares of NYSE AG opened at $6.82 on Wednesday. The company has a 50 day simple moving average of $5.80 and a 200 day simple moving average of $5.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.44. The firm has a market cap of $1.96 billion, a PE ratio of -14.21 and a beta of 1.43.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 1.85%. The firm had revenue of $136.95 million during the quarter. During the same period in the previous year, the business posted ($0.07) EPS. On average, research analysts forecast that First Majestic Silver Corp. will post -0.06 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.0048 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Wednesday, March 13th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is -2.08%.

Analysts Set New Price Targets

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

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.