Charles Schwab Investment Management Inc. Has $4.73 Million Holdings in First Majestic Silver Corp. $AG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in First Majestic Silver Corp. by 24.9% during Q1, now owning approximately 0.15% of the company, valued at about $4.7 million.
• First Majestic Silver missed its quarterly earnings estimate, reporting $0.04 EPS against an expectation of $0.06, with revenue also falling short at $264.2 million.
• The company has announced a dividend of $0.0048 per share, representing a dividend yield of 0.2%, with a negative payout ratio of -200%.

Charles Schwab Investment Management Inc. grew its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 24.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 707,040 shares of the mining company's stock after purchasing an additional 141,058 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.15% of First Majestic Silver worth $4,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of First Majestic Silver by 26.7% in the 1st quarter. Vanguard Group Inc. now owns 14,475,305 shares of the mining company's stock valued at $96,768,000 after purchasing an additional 3,051,614 shares during the period. Tidal Investments LLC grew its stake in shares of First Majestic Silver by 135.2% in the 4th quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock valued at $74,647,000 after purchasing an additional 7,816,177 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in First Majestic Silver during the 1st quarter worth approximately $47,656,000. Jupiter Asset Management Ltd. bought a new stake in First Majestic Silver during the 1st quarter worth approximately $46,070,000. Finally, Two Sigma Investments LP grew its position in First Majestic Silver by 46.8% during the 4th quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock worth $24,463,000 after acquiring an additional 1,420,937 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AG shares. HC Wainwright restated a "buy" rating and set a $12.75 price target on shares of First Majestic Silver in a research report on Friday, August 15th. National Bank Financial raised First Majestic Silver to a "hold" rating in a research note on Thursday, June 12th. Finally, Scotiabank lifted their target price on First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $9.63.

First Majestic Silver Trading Up 2.2%

Shares of NYSE:AG traded up $0.20 during midday trading on Monday, hitting $9.16. The company had a trading volume of 22,817,512 shares, compared to its average volume of 15,643,350. First Majestic Silver Corp. has a 12 month low of $4.59 and a 12 month high of $9.48. The company has a current ratio of 3.27, a quick ratio of 2.84 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -914.59 and a beta of 0.78. The firm has a fifty day simple moving average of $8.57 and a 200 day simple moving average of $7.17.

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

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.0048 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. First Majestic Silver's dividend payout ratio (DPR) is currently -200.00%.

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.