Kingswood Wealth Advisors LLC Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

Kingswood Wealth Advisors LLC purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the mining company’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. boosted its stake in First Majestic Silver by 77.3% during the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after buying an additional 2,253 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of First Majestic Silver in the 3rd quarter valued at $70,000. Creative Planning acquired a new position in shares of First Majestic Silver in the 3rd quarter valued at $72,000. Corundum Trust Company INC acquired a new position in shares of First Majestic Silver in the third quarter valued at approximately $72,000. Finally, Fiduciary Family Office LLC purchased a new position in shares of First Majestic Silver during the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Price Performance

Shares of NYSE:AG opened at $5.70 on Monday. First Majestic Silver Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $8.44. The company has a market cap of $1.72 billion, a PE ratio of -21.09 and a beta of 1.25. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $6.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $146.09 million during the quarter. First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. On average, sell-side analysts anticipate that First Majestic Silver Corp. will post -0.16 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th 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 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, November 15th. First Majestic Silver’s payout ratio is presently -7.41%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of First Majestic Silver in a research note on Friday, January 10th. Scotiabank dropped their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th.

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.