Charles Schwab Investment Management Inc. Purchases 18,219 Shares of First Majestic Silver Corp. (NYSE:AG)

Charles Schwab Investment Management Inc. raised its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,982 shares of the mining company’s stock after purchasing an additional 18,219 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.18% of First Majestic Silver worth $3,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AG. Tidal Investments LLC raised its holdings in shares of First Majestic Silver by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 5,780,689 shares of the mining company’s stock worth $34,684,000 after buying an additional 99,640 shares in the last quarter. National Bank of Canada FI raised its stake in First Majestic Silver by 18.0% during the third quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock worth $4,102,000 after acquiring an additional 104,092 shares in the last quarter. Sprott Inc. lifted its holdings in shares of First Majestic Silver by 26.3% in the fourth quarter. Sprott Inc. now owns 655,445 shares of the mining company’s stock worth $3,600,000 after acquiring an additional 136,348 shares during the last quarter. Realta Investment Advisors boosted its stake in shares of First Majestic Silver by 16.8% in the 4th quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock valued at $2,882,000 after purchasing an additional 71,456 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of First Majestic Silver during the 3rd quarter valued at approximately $2,419,000. 27.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AG has been the subject of several research reports. TD Securities raised shares of First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. HC Wainwright reissued a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a report on Friday, February 21st. StockNews.com raised First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank dropped their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.50.

First Majestic Silver Price Performance

Shares of AG opened at $6.97 on Friday. The firm has a market cap of $3.37 billion, a PE ratio of -19.90 and a beta of 1.16. First Majestic Silver Corp. has a 52-week low of $4.43 and a 52-week high of $8.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. The business’s 50 day moving average price is $5.95 and its two-hundred day moving average price is $6.15.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The firm had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. On average, equities analysts anticipate that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 28th. First Majestic Silver’s dividend payout ratio (DPR) is -5.71%.

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.