279,600 Shares in First Majestic Silver Corp. $AG Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. bought a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 279,600 shares of the mining company’s stock, valued at approximately $5,982,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sprott Inc. increased its holdings in shares of First Majestic Silver by 51.8% during the 3rd quarter. Sprott Inc. now owns 2,036,679 shares of the mining company’s stock valued at $24,974,000 after acquiring an additional 695,391 shares during the last quarter. Vanguard Group Inc. lifted its holdings in First Majestic Silver by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,050,155 shares of the mining company’s stock worth $221,657,000 after purchasing an additional 739,315 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in First Majestic Silver by 891.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 244,740 shares of the mining company’s stock worth $3,008,000 after purchasing an additional 220,056 shares during the last quarter. Confluence Investment Management LLC bought a new stake in First Majestic Silver during the fourth quarter worth approximately $1,514,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in First Majestic Silver by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock worth $232,539,000 after purchasing an additional 5,265,612 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AG. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. HC Wainwright upped their price objective on shares of First Majestic Silver to $30.75 and gave the stock a “buy” rating in a report on Tuesday, May 12th. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 24th. Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research downgraded shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.25.

First Majestic Silver Price Performance

NYSE AG opened at $16.93 on Friday. The stock has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $20.82. First Majestic Silver Corp. has a twelve month low of $7.74 and a twelve month high of $32.03. The stock has a market capitalization of $8.35 billion, a PE ratio of 28.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.54 and a current ratio of 2.73.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $522.00 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 95.3% on a year-over-year basis. Research analysts anticipate that First Majestic Silver Corp. will post 0.74 EPS for the current year.

First Majestic Silver Increases Dividend

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

About First Majestic Silver

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.