Caitong International Asset Management Co. Ltd Has $974,000 Stock Holdings in First Majestic Silver Corp. $AG

Caitong International Asset Management Co. Ltd boosted its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 18,702.6% in the fourth quarter, Holdings Channel reports. The fund owned 58,476 shares of the mining company’s stock after acquiring an additional 58,165 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in First Majestic Silver were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wealthspire Retirement LLC increased its position in First Majestic Silver by 1.4% in the 4th quarter. Wealthspire Retirement LLC now owns 32,450 shares of the mining company’s stock worth $541,000 after buying an additional 450 shares during the period. Harbour Investments Inc. raised its position in First Majestic Silver by 2.9% in the 4th quarter. Harbour Investments Inc. now owns 24,656 shares of the mining company’s stock valued at $411,000 after purchasing an additional 697 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of First Majestic Silver by 3.0% during the fourth quarter. Orion Porfolio Solutions LLC now owns 24,999 shares of the mining company’s stock worth $416,000 after acquiring an additional 718 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of First Majestic Silver by 2.8% in the 3rd quarter. Moors & Cabot Inc. now owns 35,295 shares of the mining company’s stock valued at $434,000 after purchasing an additional 945 shares during the period. Finally, &PARTNERS boosted its position in shares of First Majestic Silver by 0.9% during the fourth quarter. &PARTNERS now owns 114,181 shares of the mining company’s stock worth $1,902,000 after purchasing an additional 1,028 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AG has been the topic of a number of research reports. HC Wainwright boosted their price objective on shares of First Majestic Silver to $30.75 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded First Majestic Silver from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. 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. Finally, Zacks Research cut First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.25.

First Majestic Silver Trading Up 0.2%

AG opened at $18.03 on Friday. The business has a 50 day simple moving average of $20.03 and a two-hundred day simple moving average of $20.78. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 30.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.73 and a quick ratio of 2.54. First Majestic Silver Corp. has a one year low of $7.74 and a one year high of $32.03.

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

First Majestic Silver Increases Dividend

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

First Majestic Silver Profile

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.