Realta Investment Advisors Buys 24,113 Shares of First Majestic Silver Corp. $AG

Realta Investment Advisors grew its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 599,809 shares of the mining company’s stock after purchasing an additional 24,113 shares during the period. First Majestic Silver accounts for about 3.3% of Realta Investment Advisors’ investment portfolio, making the stock its 4th largest position. Realta Investment Advisors owned about 0.12% of First Majestic Silver worth $9,993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC purchased a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $25,000. Bogart Wealth LLC purchased a new stake in First Majestic Silver in the 3rd quarter worth approximately $28,000. Spire Wealth Management purchased a new stake in First Majestic Silver in the 4th quarter worth approximately $35,000. Sound Income Strategies LLC raised its holdings in First Majestic Silver by 29,900.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in First Majestic Silver in the 4th quarter valued at $42,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AG. HC Wainwright raised their price objective on First Majestic Silver to $30.00 and gave the stock a “buy” rating in a report on Friday, February 20th. BMO Capital Markets upgraded First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. Zacks Research lowered First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen upgraded First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

First Majestic Silver Stock Down 0.1%

Shares of AG opened at $21.83 on Friday. The firm has a market cap of $10.76 billion, a PE ratio of 62.37 and a beta of 0.97. The company’s fifty day moving average is $23.83 and its two-hundred day moving average is $17.95. First Majestic Silver Corp. has a fifty-two week low of $5.18 and a fifty-two week high of $32.03. The company has a quick ratio of 2.96, a current ratio of 3.38 and a debt-to-equity ratio of 0.07.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Thursday, February 19th. The mining company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $463.92 million during the quarter, compared to the consensus estimate of $561.30 million. First Majestic Silver had a return on equity of 7.41% and a net margin of 13.12%.The business’s revenue for the quarter was up 169.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.0083 per share. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.03 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, February 27th. First Majestic Silver’s payout ratio is currently 8.57%.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.