Charles Schwab Investment Management Inc. Has $3.29 Million Holdings in First Majestic Silver Corp. (NYSE:AG)

Charles Schwab Investment Management Inc. lessened its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,763 shares of the mining company’s stock after selling 27,510 shares during the period. Charles Schwab Investment Management Inc. owned about 0.18% of First Majestic Silver worth $3,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AG. Van ECK Associates Corp lifted its position in shares of First Majestic Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company’s stock worth $173,478,000 after purchasing an additional 764,790 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in First Majestic Silver by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock valued at $18,701,000 after buying an additional 103,232 shares during the last quarter. TD Asset Management Inc lifted its position in First Majestic Silver by 0.8% during the 2nd quarter. TD Asset Management Inc now owns 774,530 shares of the mining company’s stock worth $4,585,000 after buying an additional 5,868 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of First Majestic Silver during the 2nd quarter worth about $3,904,000. Finally, Raymond James & Associates grew its holdings in shares of First Majestic Silver by 17.7% in the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock valued at $3,349,000 after acquiring an additional 83,867 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AG. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price target on shares of First Majestic Silver in a research report on Friday, October 18th.

First Majestic Silver Stock Down 2.7 %

First Majestic Silver stock opened at $6.03 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The company’s 50-day moving average is $6.65 and its 200-day moving average is $6.21. The firm has a market capitalization of $1.82 billion, a PE ratio of -22.33 and a beta of 1.25. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The business had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. Sell-side analysts anticipate that First Majestic Silver Corp. will post -0.17 earnings per share for the current year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.0048 per share. The ex-dividend date was Friday, November 15th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.32%. First Majestic Silver’s payout ratio is presently -7.41%.

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.