Commonwealth Equity Services LLC Purchases Shares of 54,894 First Majestic Silver Corp. (NYSE:AG)

Commonwealth Equity Services LLC acquired a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,894 shares of the mining company’s stock, valued at approximately $325,000.

Other large investors also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new position in First Majestic Silver in the 4th quarter worth approximately $1,266,000. Vanguard Group Inc. boosted its position in shares of First Majestic Silver by 1.8% during the first quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock valued at $61,456,000 after purchasing an additional 186,570 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of First Majestic Silver during the first quarter valued at approximately $1,373,000. SG Americas Securities LLC boosted its holdings in First Majestic Silver by 145.4% in the first quarter. SG Americas Securities LLC now owns 424,917 shares of the mining company’s stock worth $2,499,000 after acquiring an additional 251,741 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of First Majestic Silver during the fourth quarter valued at $43,000. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Trading Down 2.3 %

Shares of AG stock opened at $6.05 on Tuesday. The company has a market cap of $1.75 billion, a PE ratio of -37.78 and a beta of 1.35. The stock’s 50 day simple moving average is $5.63 and its two-hundred day simple moving average is $6.26. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.05 and a quick ratio of 2.44.

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

First Majestic Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.0046 per share. The ex-dividend date was Friday, August 16th. This represents a $0.02 dividend on an annualized basis and a yield of 0.30%. First Majestic Silver’s dividend payout ratio is currently -6.25%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th. HC Wainwright reiterated a “buy” rating and issued a $8.50 price target on shares of First Majestic Silver in a research note on Friday, September 6th.

About First Majestic Silver

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.