Capital Management Associates Inc Invests $333,000 in First Majestic Silver Corp. $AG

Key Points

• Capital Management Associates Inc. has invested $333,000 in First Majestic Silver Corp., acquiring 40,255 shares during the 2nd quarter.
• First Majestic Silver recently reported a quarterly EPS of $0.04, missing analysts' expectations, and experienced a 94% year-over-year revenue increase.
• The company has changed its dividend payout to $0.0048, with a current annualized dividend yield of 0.1%.

Capital Management Associates Inc acquired a new stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 40,255 shares of the mining company's stock, valued at approximately $333,000.

Several other institutional investors also recently bought and sold shares of AG. Focus Financial Network Inc. purchased a new stake in First Majestic Silver during the 1st quarter valued at about $67,000. Tcfg Wealth Management LLC purchased a new stake in First Majestic Silver during the 1st quarter valued at about $86,000. Oppenheimer & Co. Inc. purchased a new stake in First Majestic Silver during the 1st quarter valued at about $79,000. Sage Advisors LLC grew its position in First Majestic Silver by 72.3% during the 1st quarter. Sage Advisors LLC now owns 32,148 shares of the mining company's stock valued at $215,000 after purchasing an additional 13,492 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in First Majestic Silver during the 1st quarter valued at about $445,000. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $14.13 on Thursday. The company has a quick ratio of 2.84, a current ratio of 3.27 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.92 billion, a PE ratio of -1,411.59 and a beta of 0.76. The firm's 50-day moving average price is $9.96 and its 200-day moving average price is $8.11. First Majestic Silver Corp. has a 52-week low of $5.09 and a 52-week high of $14.18.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings data on Thursday, August 14th. The mining company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The business had revenue of $264.20 million during the quarter, compared to analysts' expectations of $387.25 million. First Majestic Silver had a return on equity of 1.72% and a net margin of 1.78%.The business's quarterly revenue was up 94.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) EPS. As a group, analysts anticipate that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.0048 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. First Majestic Silver's dividend payout ratio (DPR) is presently -100.00%.

Analyst Ratings Changes

AG has been the topic of several recent analyst reports. HC Wainwright increased their price objective on shares of First Majestic Silver from $12.75 to $14.00 and gave the company a "buy" rating in a research report on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of First Majestic Silver in a report on Wednesday. National Bank Financial raised shares of First Majestic Silver from a "hold" rating to a "strong-buy" rating in a report on Sunday. Scotiabank raised their price target on shares of First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. Finally, TD Securities raised shares of First Majestic Silver from a "hold" rating to a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.17.

First Majestic Silver Company Profile

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.

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