Choreo LLC Has $414,000 Holdings in First Majestic Silver Corp. (NYSE:AG)

Choreo LLC lifted its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 267.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,796 shares of the mining company’s stock after buying an additional 52,239 shares during the period. Choreo LLC’s holdings in First Majestic Silver were worth $414,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Creekmur Asset Management LLC acquired a new stake in First Majestic Silver in the fourth quarter valued at $43,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in First Majestic Silver in the first quarter valued at $48,000. B. Riley Wealth Advisors Inc. acquired a new stake in First Majestic Silver in the first quarter valued at $62,000. Capstone Investment Advisors LLC acquired a new stake in First Majestic Silver in the fourth quarter valued at $69,000. Finally, International Assets Investment Management LLC increased its holdings in First Majestic Silver by 39.5% in the second quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock valued at $83,000 after purchasing an additional 3,960 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Scotiabank increased their price target on First Majestic Silver from $5.50 to $6.50 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. HC Wainwright reiterated a “buy” rating and set a $8.50 price target on shares of First Majestic Silver in a report on Friday, September 6th. Finally, Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Friday, September 6th.

First Majestic Silver Price Performance

AG stock opened at $6.18 on Tuesday. The stock has a market capitalization of $1.79 billion, a PE ratio of -38.59 and a beta of 1.35. The company’s 50-day moving average is $5.68 and its 200-day moving average is $6.22. 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 Corp. has a 1 year low of $4.17 and a 1 year high of $8.44.

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

First Majestic Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.0046 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. First Majestic Silver’s dividend payout ratio (DPR) is presently -6.25%.

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.