First Majestic Silver Corp. (NYSE:AG) Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 774,530 shares of the mining company’s stock after acquiring an additional 5,868 shares during the quarter. TD Asset Management Inc owned about 0.27% of First Majestic Silver worth $4,585,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Creekmur Asset Management LLC purchased a new position in First Majestic Silver in the fourth quarter valued at $43,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in First Majestic Silver during the 1st quarter worth about $48,000. B. Riley Wealth Advisors Inc. purchased a new stake in First Majestic Silver during the 1st quarter worth about $62,000. Capstone Investment Advisors LLC purchased a new stake in First Majestic Silver during the 4th quarter worth about $69,000. Finally, International Assets Investment Management LLC lifted its holdings in First Majestic Silver by 39.5% during the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock worth $83,000 after buying an additional 3,960 shares during the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Stock Performance

NYSE AG opened at $5.17 on Thursday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -32.31 and a beta of 1.35. The company has a current ratio of 3.05, a quick ratio of 2.44 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $5.70 and its two-hundred day moving average is $6.18. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $136.20 million during the quarter, compared to analyst estimates of $129.74 million. First Majestic Silver had a negative return on equity of 4.39% and a negative net margin of 15.37%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Research analysts expect that First Majestic Silver Corp. will post -0.11 EPS for the current year.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.0046 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, August 16th. First Majestic Silver’s dividend payout ratio is currently -6.25%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AG shares. Scotiabank boosted their target price on First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. HC Wainwright reiterated a “buy” rating and set a $8.50 target price on shares of First Majestic Silver in a research report on Friday, September 6th. Finally, Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

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.