Charles Schwab Investment Management Inc. Sells 27,510 Shares of First Majestic Silver Corp. (NYSE:AG)

Charles Schwab Investment Management Inc. decreased its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 547,763 shares of the mining company’s stock after selling 27,510 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in First Majestic Silver were worth $3,292,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AG. &PARTNERS bought a new stake in shares of First Majestic Silver during the 2nd quarter valued at $661,000. Cambridge Investment Research Advisors Inc. grew its stake in First Majestic Silver by 11.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 203,260 shares of the mining company’s stock worth $1,203,000 after buying an additional 20,270 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in First Majestic Silver by 6.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,320 shares of the mining company’s stock worth $493,000 after buying an additional 4,797 shares in the last quarter. International Assets Investment Management LLC increased its holdings in First Majestic Silver by 39.5% in the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock valued at $83,000 after buying an additional 3,960 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of First Majestic Silver in the 2nd quarter valued at approximately $325,000. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

First Majestic Silver stock opened at $6.03 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of -22.33 and a beta of 1.25. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44. The business’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $6.21.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). The company had revenue of $146.09 million for the quarter. First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. As a group, analysts expect that First Majestic Silver Corp. will post -0.17 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.0048 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.32%. First Majestic Silver’s dividend payout ratio is -7.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AG shares. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th. HC Wainwright restated a “buy” rating and set a $8.50 target price on shares of First Majestic Silver in a research note on Friday, October 18th.

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.