American National Bank & Trust Purchases Shares of 7,970 First Majestic Silver Corp. $AG

American National Bank & Trust purchased a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,970 shares of the mining company’s stock, valued at approximately $66,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in First Majestic Silver by 9.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 130,021 shares of the mining company’s stock valued at $1,074,000 after purchasing an additional 10,907 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of First Majestic Silver by 9.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 23,703 shares of the mining company’s stock valued at $196,000 after buying an additional 2,001 shares in the last quarter. Marotta Asset Management acquired a new position in shares of First Majestic Silver in the 2nd quarter valued at $633,000. Geneos Wealth Management Inc. raised its stake in shares of First Majestic Silver by 3.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 101,652 shares of the mining company’s stock valued at $680,000 after buying an additional 3,300 shares in the last quarter. Finally, Bayforest Capital Ltd raised its stake in shares of First Majestic Silver by 1,978.6% in the 1st quarter. Bayforest Capital Ltd now owns 213,843 shares of the mining company’s stock valued at $1,431,000 after buying an additional 203,555 shares in the last quarter. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Trading Up 4.0%

Shares of First Majestic Silver stock opened at $12.14 on Friday. The stock has a market capitalization of $5.94 billion, a P/E ratio of -1,212.79 and a beta of 0.78. The company has a quick ratio of 2.84, a current ratio of 3.27 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $9.31 and a 200 day simple moving average of $7.81. First Majestic Silver Corp. has a 12-month low of $5.09 and a 12-month high of $12.67.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, August 14th. The mining company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $264.20 million for the quarter, compared to analyst estimates of $387.25 million. First Majestic Silver had a return on equity of 1.72% and a net margin of 1.78%.The company’s revenue for the quarter was up 94.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) EPS. Research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.0048 per share. The ex-dividend date was Friday, August 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.2%. First Majestic Silver’s dividend payout ratio (DPR) is -200.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AG shares. HC Wainwright restated a “buy” rating and issued a $12.75 price objective on shares of First Majestic Silver in a research note on Friday, August 15th. Scotiabank increased their price objective on shares of First Majestic Silver from $6.00 to $6.50 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Finally, National Bank Financial upgraded shares of First Majestic Silver to a “hold” rating in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.63.

First Majestic Silver Company 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.