Realta Investment Advisors Cuts Holdings in First Majestic Silver Corp. $AG

Realta Investment Advisors decreased its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 30.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 416,889 shares of the mining company’s stock after selling 182,920 shares during the period. First Majestic Silver comprises approximately 3.1% of Realta Investment Advisors’ holdings, making the stock its 4th largest position. Realta Investment Advisors’ holdings in First Majestic Silver were worth $8,955,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AG. Arrowstreet Capital Limited Partnership increased its position in shares of First Majestic Silver by 408.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 15,041,912 shares of the mining company’s stock valued at $250,821,000 after purchasing an additional 12,081,688 shares during the period. Van ECK Associates Corp lifted its holdings 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of First Majestic Silver by 38.5% during 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 purchasing an additional 5,265,612 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of First Majestic Silver in the 4th quarter worth approximately $45,898,000. Finally, Tidal Investments LLC lifted its position in shares of First Majestic Silver by 14.0% during 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 during the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Scotiabank raised First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings lowered First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.25.

First Majestic Silver Stock Performance

Shares of AG opened at $16.93 on Friday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 28.21 and a beta of 0.86. The company’s fifty day moving average is $19.61 and its 200-day moving average is $20.82. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. First Majestic Silver Corp. has a 12 month low of $7.74 and a 12 month high of $32.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Tuesday, May 12th. The mining company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The business had revenue of $476.67 million for the quarter, compared to analyst estimates of $522.00 million. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 95.3% compared to the same quarter last year. Equities analysts expect that First Majestic Silver Corp. will post 0.74 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 20th were given a $0.0171 dividend. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 20th. First Majestic Silver’s payout ratio is 11.67%.

First Majestic Silver 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.