PKO Investment Management Joint Stock Co Acquires New Holdings in First Majestic Silver Corp. (NYSE:AG)

PKO Investment Management Joint Stock Co acquired a new position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 131,500 shares of the mining company's stock, valued at approximately $723,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new position in shares of First Majestic Silver in the third quarter worth about $2,419,000. Geneos Wealth Management Inc. boosted its holdings in shares of First Majestic Silver by 7.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 98,352 shares of the mining company's stock worth $540,000 after buying an additional 7,000 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of First Majestic Silver in the fourth quarter worth about $82,000. Realta Investment Advisors boosted its holdings in shares of 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 buying an additional 71,456 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of 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 buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 27.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on AG shares. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Scotiabank restated a "sector perform" rating and set a $6.00 price target on shares of First Majestic Silver in a report on Wednesday, April 2nd. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a report on Monday, March 10th. HC Wainwright raised their price target on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.75.

First Majestic Silver Stock Up 11.3%

Shares of AG stock traded up $0.70 during trading on Monday, hitting $6.87. 41,724,636 shares of the company were exchanged, compared to its average volume of 13,398,679. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of -19.61 and a beta of 0.81. The business's 50-day simple moving average is $6.12 and its 200 day simple moving average is $6.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. First Majestic Silver Corp. has a twelve month low of $4.43 and a twelve month high of $8.06.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $241.12 million for the quarter, compared to the consensus estimate of $358.65 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. First Majestic Silver's revenue was up 41.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. As a group, analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.0045 per share. This represents a yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver's payout ratio is presently -3.45%.

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.