Lingotto Investment Management LLP Acquires 24,228 Shares of First Majestic Silver Corp. $AG

Lingotto Investment Management LLP boosted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,046,918 shares of the mining company’s stock after buying an additional 24,228 shares during the period. First Majestic Silver makes up 2.9% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 11th largest position. Lingotto Investment Management LLP’s holdings in First Majestic Silver were worth $167,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in First Majestic Silver by 32.0% in the 3rd quarter. Van ECK Associates Corp now owns 43,225,807 shares of the mining company’s stock valued at $531,234,000 after acquiring an additional 10,471,543 shares in the last quarter. Tidal Investments LLC lifted its position in First Majestic Silver by 14.0% in the 3rd quarter. Tidal Investments LLC now owns 21,014,859 shares of the mining company’s stock valued at $258,273,000 after acquiring an additional 2,581,023 shares in the last quarter. Vanguard Group Inc. lifted its position in First Majestic Silver by 5.2% in the 4th quarter. Vanguard Group Inc. now owns 18,995,222 shares of the mining company’s stock valued at $316,914,000 after acquiring an additional 945,067 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Majestic Silver by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock valued at $232,539,000 after acquiring an additional 5,265,612 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in First Majestic Silver by 7.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,698,674 shares of the mining company’s stock valued at $119,197,000 after acquiring an additional 685,458 shares in the last quarter. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Price Performance

Shares of AG opened at $20.84 on Tuesday. The firm has a market cap of $10.29 billion, a PE ratio of 34.73 and a beta of 0.86. The company has a current ratio of 2.73, a quick ratio of 2.54 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $20.27. First Majestic Silver Corp. has a 1-year low of $6.39 and a 1-year high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $476.67 million for 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%. First Majestic Silver’s quarterly revenue was up 95.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that First Majestic Silver Corp. will post 0.74 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 20th were paid a $0.0171 dividend. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, May 20th. This represents a $0.07 annualized dividend and a dividend yield of 0.3%. First Majestic Silver’s dividend payout ratio (DPR) is currently 11.67%.

Analyst Upgrades and Downgrades

AG has been the topic of several analyst reports. HC Wainwright upped their price objective on First Majestic Silver to $30.75 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Scotiabank raised First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings raised First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. 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. Finally, Zacks Research lowered shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.25.

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.