International Assets Investment Management LLC Has $911,000 Holdings in First Majestic Silver Corp. (NYSE:AG)

International Assets Investment Management LLC boosted its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 446.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 148,154 shares of the mining company's stock after purchasing an additional 121,049 shares during the period. International Assets Investment Management LLC owned about 0.05% of First Majestic Silver worth $911,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AG. CWM LLC grew its stake in shares of First Majestic Silver by 59.7% in the third quarter. CWM LLC now owns 5,433 shares of the mining company's stock worth $28,000 after acquiring an additional 2,030 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of First Majestic Silver by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,806 shares of the mining company's stock worth $267,000 after acquiring an additional 2,852 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of First Majestic Silver by 5.8% in the third quarter. Toronto Dominion Bank now owns 71,753 shares of the mining company's stock worth $368,000 after acquiring an additional 3,924 shares in the last quarter. AXQ Capital LP lifted its position in shares of First Majestic Silver by 63.2% during the 3rd quarter. AXQ Capital LP now owns 17,300 shares of the mining company's stock worth $89,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of First Majestic Silver by 5.7% during the 3rd quarter. Mackenzie Financial Corp now owns 129,488 shares of the mining company's stock worth $666,000 after purchasing an additional 6,967 shares during the last quarter. Institutional investors and hedge funds own 27.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of First Majestic Silver to a "sell" rating in a research report on Monday, February 26th. HC Wainwright lifted their price objective on shares of First Majestic Silver from $7.00 to $8.50 and gave the stock a "buy" rating in a research report on Friday, April 19th.

First Majestic Silver Stock Performance

AG traded down $0.02 on Wednesday, reaching $6.81. The company had a trading volume of 5,666,082 shares, compared to its average volume of 8,809,465. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.44. The stock has a market capitalization of $1.95 billion, a PE ratio of -14.18 and a beta of 1.43. The company has a quick ratio of 2.04, a current ratio of 2.57 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $5.85 and a 200-day moving average price of $5.53.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative net margin of 23.55% and a negative return on equity of 1.85%. The firm had revenue of $136.95 million during the quarter. During the same period last year, the firm earned ($0.07) earnings per share. As a group, research analysts forecast that First Majestic Silver Corp. will post -0.01 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.0048 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. First Majestic Silver's payout ratio is -4.17%.

First Majestic Silver 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.