Pine Valley Investments Ltd Liability Co Buys 10,686 Shares of First Majestic Silver Corp. (NYSE:AG)

Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,978 shares of the mining company’s stock after purchasing an additional 10,686 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in First Majestic Silver were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its position in First Majestic Silver by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company’s stock valued at $2,030,000 after purchasing an additional 2,288 shares in the last quarter. Allworth Financial LP boosted its holdings in First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock worth $29,000 after acquiring an additional 4,591 shares in the last quarter. Principal Securities Inc. boosted its holdings in First Majestic Silver by 30.3% in the fourth quarter. Principal Securities Inc. now owns 21,500 shares of the mining company’s stock worth $118,000 after acquiring an additional 5,000 shares in the last quarter. Realta Investment Advisors boosted its holdings in First Majestic Silver by 16.8% in the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock worth $2,882,000 after acquiring an additional 71,456 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in First Majestic Silver in the fourth quarter worth about $82,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Trading Down 3.6 %

First Majestic Silver stock opened at $5.47 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a 52 week low of $4.37 and a 52 week high of $8.44. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -15.61 and a beta of 1.24. The stock has a 50-day moving average price of $5.66 and a 200 day moving average price of $6.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The firm had revenue of $172.34 million for the quarter, compared to analyst estimates of $227.77 million. Sell-side analysts anticipate that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.0057 per share. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.42%. First Majestic Silver’s payout ratio is -5.71%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AG. StockNews.com raised First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Scotiabank lowered their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday, February 21st.

About First Majestic Silver

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.