TD Asset Management Inc Has $16.66 Million Stock Position in First Majestic Silver Corp. (NYSE:AG)

TD Asset Management Inc boosted its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 197.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,492,865 shares of the mining company's stock after buying an additional 1,654,011 shares during the period. TD Asset Management Inc owned approximately 0.51% of First Majestic Silver worth $16,662,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AG. Parallel Advisors LLC raised its holdings in shares of First Majestic Silver by 1,221.6% in the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock valued at $25,000 after purchasing an additional 3,506 shares during the last quarter. Focus Financial Network Inc. acquired a new stake in First Majestic Silver in the 1st quarter valued at $67,000. Littlejohn Financial Services Inc. bought a new stake in First Majestic Silver during the 1st quarter worth about $68,000. Bank of Nova Scotia acquired a new position in shares of First Majestic Silver during the 4th quarter worth about $57,000. Finally, Captrust Financial Advisors bought a new position in shares of First Majestic Silver in the 4th quarter valued at about $58,000. Institutional investors own 27.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. National Bank Financial upgraded First Majestic Silver to a "hold" rating in a report on Thursday, June 12th. HC Wainwright upped their price objective on First Majestic Silver from $11.50 to $12.75 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Scotiabank raised their target price on shares of 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. Five equities research 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 company has a consensus rating of "Hold" and a consensus price target of $9.63.

First Majestic Silver Stock Performance

NYSE AG traded down $0.11 during trading on Friday, reaching $7.84. 16,712,923 shares of the company's stock were exchanged, compared to its average volume of 17,700,002. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.19 and a quick ratio of 2.74. The business has a 50 day moving average price of $8.07 and a 200-day moving average price of $6.71. The stock has a market capitalization of $3.82 billion, a P/E ratio of -27.03 and a beta of 0.72. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $9.48.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative return on equity of 0.14% and a negative net margin of 12.32%. The business had revenue of $241.12 million for the quarter, compared to analyst estimates of $358.65 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm's revenue was up 41.6% compared to the same quarter last year. Sell-side analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.0045 per share. This represents a dividend yield of 32.0%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio (DPR) is currently -6.90%.

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.