RFG Advisory LLC Invests $527,000 in First Majestic Silver Corp. (NYSE:AG)

RFG Advisory LLC purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,800 shares of the mining company's stock, valued at approximately $527,000.

Several other hedge funds have also made changes to their positions in AG. Franklin Resources Inc. raised its holdings in First Majestic Silver by 8.3% in the fourth quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock valued at $128,000 after acquiring an additional 1,776 shares in the last quarter. CIBC Asset Management Inc raised its holdings in First Majestic Silver by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock valued at $2,030,000 after acquiring an additional 2,288 shares in the last quarter. Rathbones Group PLC raised its holdings in First Majestic Silver by 4.3% in the fourth quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock valued at $312,000 after acquiring an additional 2,325 shares in the last quarter. Moors & Cabot Inc. raised its holdings in First Majestic Silver by 19.6% in the fourth quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock valued at $94,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in 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 acquiring an additional 3,506 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Price Performance

Shares of AG opened at $8.27 on Friday. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.52. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -23.63 and a beta of 0.74. The firm has a 50-day simple moving average of $6.16 and a 200-day simple moving average of $6.03. 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 (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings data 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 net margin of 18.17% and a negative return on equity of 3.07%. The firm had revenue of $241.12 million during the quarter, compared to analysts' expectations of $358.65 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business's quarterly revenue was up 41.6% on a year-over-year basis. On average, equities research analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AG. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright raised their price objective 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. TD Securities raised shares of First Majestic Silver to a "hold" rating in a report on Monday, March 10th. Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.75.

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.

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