Ashton Thomas Private Wealth LLC Acquires New Stake in First Majestic Silver Corp. $AG

Key Points

• Ashton Thomas Private Wealth acquired 106,515 First Majestic Silver shares in the third quarter, worth approximately $1.884 million. Institutional investors and hedge funds collectively own 27.16% of the company’s stock.
• First Majestic reported quarterly earnings of $0.19 per share, matching estimates, while revenue of $394.1 million exceeded analyst forecasts of $390 million.
• The company cut its quarterly dividend to $0.0142 per share from $0.0152. Analysts’ consensus rating is “Hold,” with an average price target of $23.75.

Ashton Thomas Private Wealth LLC acquired a new stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 106,515 shares of the mining company's stock, valued at approximately $1,884,000.

A number of other institutional investors have also recently made changes to their positions in AG. BlackRock Inc. acquired a new stake in shares of First Majestic Silver in the second quarter valued at $3,515,000. Entropy Technologies LP purchased a new position in First Majestic Silver in the first quarter valued at $2,593,000. Crescent Grove Advisors LLC acquired a new position in First Majestic Silver during the 3rd quarter worth $2,120,000. Cypress Capital Management LLC WY acquired a new position in First Majestic Silver during the 2nd quarter worth $1,346,000. Finally, The Manufacturers Life Insurance Company acquired a new position in First Majestic Silver during the 2nd quarter worth $59,610,000. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Price Performance

First Majestic Silver stock opened at $15.88 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.38 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $17.53 and a 200-day simple moving average of $19.83. The stock has a market cap of $7.83 billion, a P/E ratio of 17.29 and a beta of 0.98. First Majestic Silver Corp. has a 12-month low of $10.72 and a 12-month high of $32.03.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its earnings results on Thursday, November 5th. The mining company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. First Majestic Silver had a return on equity of 13.36% and a net margin of 21.18%. The firm had revenue of $394.10 million for the quarter, compared to analyst estimates of $390.00 million. Equities analysts expect that First Majestic Silver Corp. will post 0.80 EPS for the current fiscal year.

First Majestic Silver Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.0142 per share. The ex-dividend date is Monday, November 16th. This is a negative change from First Majestic Silver's previous quarterly dividend of $0.0152. This represents a $0.06 annualized dividend and a yield of 0.4%. First Majestic Silver's dividend payout ratio (DPR) is presently 7.50%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AG. Scotiabank cut their price target on First Majestic Silver from $23.00 to $22.50 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of First Majestic Silver in a research note on Wednesday, September 2nd. Wall Street Zen downgraded First Majestic Silver from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. HC Wainwright lowered their price objective on First Majestic Silver from $25.50 to $25.00 and set a "buy" rating for the company in a research report on Friday. Finally, Zacks Research lowered shares of First Majestic Silver from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, First Majestic Silver has an average rating of "Hold" and an average target price of $23.75.

First Majestic Silver Company Profile

First Majestic Silver Corp. is a Canadian mining company focused on exploring, developing and operating silver and gold mines. Its operations are primarily in Mexico, where it produces and sells silver and gold, along with other metals recovered as byproducts.

The company's Mexican mine portfolio includes San Dimas, Santa Elena, La Encantada and Cerro Los Gatos. First Majestic added Cerro Los Gatos through its acquisition of Gatos Silver, completed in 2025.

Founded in 2002, First Majestic is headquartered in Vancouver, British Columbia.

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