Generali Investments CEE investicni spolecnost a.s. Takes Position in First Majestic Silver Corp. (NYSE:AG)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,000 shares of the mining company’s stock, valued at approximately $55,000.

Other institutional investors have also recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock worth $29,000 after buying an additional 4,591 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of First Majestic Silver during the 3rd quarter worth $70,000. Creative Planning acquired a new position in shares of First Majestic Silver during the 3rd quarter worth $72,000. Kingswood Wealth Advisors LLC acquired a new position in shares of First Majestic Silver during the 4th quarter worth $82,000. Finally, Fiduciary Family Office LLC acquired a new position in shares of First Majestic Silver during the 4th quarter worth $86,000. 27.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank lowered their target price on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. StockNews.com raised First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of First Majestic Silver in a report on Friday, February 21st.

First Majestic Silver Price Performance

Shares of AG opened at $5.91 on Monday. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44. The business has a 50-day simple moving average of $5.66 and a two-hundred day simple moving average of $6.04. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.84 billion, a PE ratio of -16.87 and a beta of 1.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million during the quarter, compared to analyst estimates of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. Analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.0057 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.39%. First Majestic Silver’s dividend payout ratio is presently -5.71%.

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.