J.W. Cole Advisors Inc. Acquires 133,189 Shares of First Majestic Silver Corp. $AG

J.W. Cole Advisors Inc. grew its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 282.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 180,366 shares of the mining company’s stock after acquiring an additional 133,189 shares during the period. J.W. Cole Advisors Inc.’s holdings in First Majestic Silver were worth $3,005,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AG. Van ECK Associates Corp raised its stake in shares of First Majestic Silver by 32.0% during the third quarter. Van ECK Associates Corp now owns 43,225,807 shares of the mining company’s stock valued at $531,234,000 after acquiring an additional 10,471,543 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of First Majestic Silver by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,932,368 shares of the mining company’s stock valued at $232,539,000 after acquiring an additional 5,265,612 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of First Majestic Silver by 108.7% during the third quarter. Alps Advisors Inc. now owns 7,203,207 shares of the mining company’s stock valued at $88,527,000 after acquiring an additional 3,751,376 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of First Majestic Silver during the fourth quarter valued at $45,898,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of First Majestic Silver during the third quarter valued at $32,795,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Price Performance

Shares of NYSE AG opened at $16.98 on Friday. First Majestic Silver Corp. has a twelve month low of $7.74 and a twelve month high of $32.03. The firm has a fifty day simple moving average of $20.71 and a 200 day simple moving average of $20.41. The company has a market capitalization of $8.38 billion, a PE ratio of 28.29 and a beta of 0.86. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The firm had revenue of $476.67 million for the quarter, compared to the consensus estimate of $522.00 million. During the same period in the prior year, the business earned $0.05 EPS. First Majestic Silver’s quarterly revenue was up 95.3% on a year-over-year basis. On average, sell-side analysts forecast that First Majestic Silver Corp. will post 0.74 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 20th were issued a $0.0171 dividend. The ex-dividend date was Wednesday, May 20th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 dividend on an annualized basis and a yield of 0.4%. First Majestic Silver’s dividend payout ratio is 11.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen downgraded shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. HC Wainwright lifted their target price on shares of First Majestic Silver to $30.75 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings raised shares of First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.25.

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.