Van ECK Associates Corp Increases Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Van ECK Associates Corp boosted its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,341,845 shares of the mining company’s stock after purchasing an additional 709,879 shares during the period. Van ECK Associates Corp owned approximately 0.11% of First Majestic Silver worth $186,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC increased its position in shares of First Majestic Silver by 59.7% during the third quarter. CWM LLC now owns 5,433 shares of the mining company’s stock valued at $28,000 after acquiring an additional 2,030 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in First Majestic Silver in the 3rd quarter valued at approximately $77,000. AXQ Capital LP raised its position in First Majestic Silver by 63.2% in the third quarter. AXQ Capital LP now owns 17,300 shares of the mining company’s stock valued at $89,000 after purchasing an additional 6,700 shares during the period. Capital Management Associates Inc acquired a new position in First Majestic Silver during the 4th quarter worth about $92,000. Finally, Koshinski Asset Management Inc. lifted its position in shares of First Majestic Silver by 51.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 20,090 shares of the mining company’s stock worth $124,000 after purchasing an additional 6,800 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Trading Down 1.8 %

Shares of AG stock traded down $0.12 on Tuesday, reaching $6.73. 3,165,407 shares of the stock were exchanged, compared to its average volume of 8,702,967. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.04 and a current ratio of 2.57. The business’s 50 day moving average price is $5.99 and its 200 day moving average price is $5.58. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 1.85%. The business had revenue of $136.95 million during the quarter. During the same quarter in the prior year, the firm posted ($0.07) EPS. As a group, analysts expect that First Majestic Silver Corp. will post -0.01 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.0048 dividend. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, March 13th. First Majestic Silver’s dividend payout ratio is presently -4.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AG. StockNews.com upgraded First Majestic Silver to a “sell” rating in a research note on Monday, February 26th. HC Wainwright raised their target price on shares of First Majestic Silver from $7.00 to $8.50 and gave the company a “buy” rating in a report on Friday, April 19th.

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.