LPL Financial LLC Has $3.25 Million Stock Position in First Majestic Silver Corp. (NYSE:AG)

LPL Financial LLC boosted its holdings in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 92.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 592,683 shares of the mining company's stock after buying an additional 285,488 shares during the quarter. LPL Financial LLC owned approximately 0.19% of First Majestic Silver worth $3,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its position in shares of First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after purchasing an additional 4,591 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in First Majestic Silver in the 4th quarter valued at $55,000. Y Intercept Hong Kong Ltd bought a new position in First Majestic Silver during the 3rd quarter worth $70,000. Kingswood Wealth Advisors LLC bought a new stake in shares of First Majestic Silver in the fourth quarter valued at about $82,000. Finally, Fiduciary Family Office LLC acquired a new position in shares of First Majestic Silver in the fourth quarter valued at about $86,000. Institutional investors own 27.16% of the company's stock.

First Majestic Silver Price Performance

Shares of First Majestic Silver stock traded down $0.05 during trading on Tuesday, reaching $6.61. 18,714,790 shares of the company's stock were exchanged, compared to its average volume of 11,680,071. First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. The firm's 50-day moving average price is $6.06 and its 200 day moving average price is $6.17. The company has a market cap of $3.20 billion, a P/E ratio of -18.87 and a beta of 0.97.

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First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million for the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. As a group, research analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.35%. First Majestic Silver's dividend payout ratio is -5.71%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. TD Securities raised First Majestic Silver to a "hold" rating in a report on Monday, March 10th. StockNews.com raised First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. HC Wainwright reiterated a "buy" rating and set a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, February 21st. Finally, Scotiabank restated a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.50.

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.