Amundi Has $8.61 Million Stock Position in First Majestic Silver Corp. (NYSE:AG)

Amundi lowered its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,464,859 shares of the mining company’s stock after selling 250,201 shares during the quarter. Amundi’s holdings in First Majestic Silver were worth $8,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its stake in shares of First Majestic Silver by 805.4% in the fourth 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 during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in First Majestic Silver in the 4th quarter worth $55,000. Y Intercept Hong Kong Ltd bought a new position in First Majestic Silver in the 3rd quarter worth $70,000. Kingswood Wealth Advisors LLC acquired a new position in First Majestic Silver during the 4th quarter worth $82,000. Finally, Fiduciary Family Office LLC bought a new stake in First Majestic Silver during the fourth quarter valued at about $86,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AG. StockNews.com raised First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. TD Securities raised shares of First Majestic Silver to a “hold” rating in a research report on Monday, March 10th. HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday, February 21st. Finally, Scotiabank decreased their price target on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, First Majestic Silver currently has an average rating of “Hold” and an average price target of $8.50.

First Majestic Silver Trading Up 0.1 %

Shares of AG opened at $6.69 on Friday. The stock has a fifty day moving average price of $5.72 and a two-hundred day moving average price of $6.05. 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 company has a market cap of $3.24 billion, a price-to-earnings ratio of -19.10 and a beta of 1.16. First Majestic Silver Corp. has a 52-week low of $4.43 and a 52-week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million for 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%. Analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, February 28th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is currently -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.