Toronto Dominion Bank Decreases Stock Position in First Majestic Silver Corp. (NYSE:AG)

Toronto Dominion Bank lessened its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 23.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 71,529 shares of the mining company’s stock after selling 22,000 shares during the period. Toronto Dominion Bank’s holdings in First Majestic Silver were worth $810,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in First Majestic Silver during the 2nd quarter valued at $159,000. Pekin Hardy Strauss Inc. purchased a new stake in First Majestic Silver during the 2nd quarter valued at $172,000. Paloma Partners Management Co purchased a new stake in First Majestic Silver during the 2nd quarter valued at $205,000. Steward Partners Investment Advisory LLC raised its holdings in First Majestic Silver by 19.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,600 shares of the mining company’s stock valued at $215,000 after buying an additional 2,225 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in First Majestic Silver by 11.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,046 shares of the mining company’s stock valued at $181,000 after acquiring an additional 1,649 shares during the last quarter. Institutional investors own 27.89% of the company’s stock.

AG opened at $10.70 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.39 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 71.33 and a beta of 0.90. First Majestic Silver Corp. has a 12-month low of $9.86 and a 12-month high of $24.01. The business’s fifty day simple moving average is $11.67 and its 200-day simple moving average is $12.43.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, November 4th. The mining company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $124.65 million for the quarter. First Majestic Silver had a return on equity of 2.29% and a net margin of 6.77%. On average, equities research analysts predict that First Majestic Silver Corp. will post 0.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Wednesday, November 17th were paid a dividend of $0.0049 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Tuesday, November 16th. First Majestic Silver’s dividend payout ratio (DPR) is currently 13.33%.

Several equities analysts have commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price objective on shares of First Majestic Silver in a research report on Wednesday, October 13th. TheStreet downgraded First Majestic Silver from a “b-” rating to a “c” rating in a research report on Monday, December 20th. TD Securities raised First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, December 7th. Zacks Investment Research raised First Majestic Silver from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 5th. Finally, Cormark reaffirmed a “buy” rating on shares of First Majestic Silver in a research report on Wednesday, November 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, First Majestic Silver currently has an average rating of “Buy” and a consensus price target of $19.06.

First Majestic Silver Profile

First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including La Encantada Silver Mine; La Parrilla Silver Mine; San Martin Silver Mine; La Guitarra Silver Mine; Del Toro Silver Mine; Santa Elena Silver & Gold Mine; and San Dimas Silver & Gold Mine.

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Institutional Ownership by Quarter for First Majestic Silver (NYSE:AG)

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