Stifel Financial Corp Sells 320,424 Shares of First Majestic Silver Corp. (NYSE:AG)

Stifel Financial Corp reduced its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 93.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,312 shares of the mining company’s stock after selling 320,424 shares during the period. Stifel Financial Corp’s holdings in First Majestic Silver were worth $134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company’s stock worth $31,000 after acquiring an additional 2,253 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in First Majestic Silver during the second quarter valued at about $70,000. Corundum Trust Company INC purchased a new stake in First Majestic Silver in the third quarter worth about $72,000. Creative Planning bought a new position in shares of First Majestic Silver in the third quarter worth about $72,000. Finally, International Assets Investment Management LLC raised its stake in shares of First Majestic Silver by 39.5% in the second quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company’s stock worth $83,000 after buying an additional 3,960 shares during the period. Institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Performance

NYSE AG opened at $5.39 on Tuesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -19.96 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. The business has a 50-day moving average price of $6.43 and a 200-day moving average price of $6.12. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44.

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

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.0048 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, November 15th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.36%. First Majestic Silver’s dividend payout ratio is currently -3.70%.

Wall Street Analyst Weigh In

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

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.