Schroder Investment Management Group Has $23.53 Million Stock Holdings in First Majestic Silver Corp. $AG

Key Points

• Schroder Investment Management Group dramatically increased its stake in First Majestic Silver by 9,557% in Q3, now holding 1,896,255 shares (about 0.39% of the company) valued at roughly $23.53 million.
• First Majestic beat EPS estimates with $0.30/shr vs $0.27 expected but missed revenue estimates ($463.9M vs $561.3M); revenue was up 169% year‑over‑year.
• Analyst sentiment is generally positive with a consensus rating of “Moderate Buy” and an average target price of $25, including recent upgrades from Zacks and Wall Street Zen and a raised Scotiabank target to $23.

Schroder Investment Management Group boosted its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 9,557.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,896,255 shares of the mining company's stock after buying an additional 1,876,619 shares during the period. Schroder Investment Management Group owned approximately 0.39% of First Majestic Silver worth $23,533,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of First Majestic Silver during the third quarter worth approximately $28,000. Sound Income Strategies LLC increased its stake in shares of First Majestic Silver by 29,900.0% during the third quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company's stock worth $37,000 after purchasing an additional 2,990 shares during the period. AdvisorNet Financial Inc lifted its holdings in First Majestic Silver by 33.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company's stock worth $48,000 after purchasing an additional 971 shares during the last quarter. Global Retirement Partners LLC boosted its stake in First Majestic Silver by 7,831.6% in the 3rd quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company's stock valued at $74,000 after purchasing an additional 5,952 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in First Majestic Silver by 1,149.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,286 shares of the mining company's stock valued at $76,000 after purchasing an additional 5,783 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on AG shares. Zacks Research upgraded First Majestic Silver from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 19th. Weiss Ratings reissued a "hold (c-)" rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. BMO Capital Markets restated a "market perform" rating on shares of First Majestic Silver in a research note on Friday, January 16th. Scotiabank raised their price target on shares of First Majestic Silver from $12.50 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of First Majestic Silver from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

First Majestic Silver Price Performance

Shares of NYSE AG opened at $24.66 on Friday. The business has a fifty day moving average price of $23.70 and a two-hundred day moving average price of $16.65. The stock has a market capitalization of $12.16 billion, a PE ratio of 70.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.96. First Majestic Silver Corp. has a fifty-two week low of $5.18 and a fifty-two week high of $32.03.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its earnings results on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. First Majestic Silver had a return on equity of 7.41% and a net margin of 13.12%.The company had revenue of $463.92 million for the quarter, compared to analyst estimates of $561.30 million. During the same period in the prior year, the firm posted $0.03 EPS. First Majestic Silver's quarterly revenue was up 169.2% on a year-over-year basis. As a group, equities analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.0083 per share. The ex-dividend date is Friday, February 27th. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.01. This represents a $0.03 dividend on an annualized basis and a yield of 0.1%. First Majestic Silver's dividend payout ratio is currently 8.57%.

First Majestic Silver Company Profile

First Majestic Silver Corp. NYSE: AG engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.