Sprott Inc. Has $3.60 Million Holdings in First Majestic Silver Corp. (NYSE:AG)

Sprott Inc. lifted its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 655,445 shares of the mining company’s stock after purchasing an additional 136,348 shares during the quarter. Sprott Inc.’s holdings in First Majestic Silver were worth $3,600,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC bought a new stake in First Majestic Silver during the 3rd quarter valued at $2,419,000. Realta Investment Advisors increased its position in shares of First Majestic Silver by 16.8% during the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock worth $2,882,000 after acquiring an additional 71,456 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of First Majestic Silver by 18.0% in the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock worth $4,102,000 after acquiring an additional 104,092 shares during the last quarter. Raymond James & Associates raised its holdings in shares of First Majestic Silver by 17.7% in the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock worth $3,349,000 after acquiring an additional 83,867 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in First Majestic Silver in the 3rd quarter valued at about $748,000. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Trading Down 3.6 %

NYSE:AG opened at $5.47 on Wednesday. First Majestic Silver Corp. has a 52 week low of $4.37 and a 52 week high of $8.44. The firm has a 50-day moving average price of $5.66 and a two-hundred day moving average price of $6.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -15.61 and a beta of 1.24.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. On average, equities analysts expect 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0057 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.42%. First Majestic Silver’s dividend payout ratio (DPR) is currently -5.71%.

Analysts Set New Price Targets

AG has been the subject of a number of recent research reports. Scotiabank lowered their price objective on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, HC Wainwright restated a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, February 21st.

First Majestic Silver 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.