Themes Management Co LLC Makes New $737,000 Investment in First Majestic Silver Corp. $AG

Themes Management Co LLC bought a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the fourth quarter, HoldingsChannel reports. The firm bought 44,152 shares of the mining company’s stock, valued at approximately $737,000.

Other institutional investors have also modified their holdings of the company. Sprott Inc. raised its position in shares of First Majestic Silver by 51.8% in the third quarter. Sprott Inc. now owns 2,036,679 shares of the mining company’s stock valued at $24,974,000 after buying an additional 695,391 shares during the last quarter. Vanguard Group Inc. raised its position in shares of First Majestic Silver by 4.3% in the third quarter. Vanguard Group Inc. now owns 18,050,155 shares of the mining company’s stock valued at $221,657,000 after buying an additional 739,315 shares during the last quarter. Alps Advisors Inc. raised its position in shares of First Majestic Silver by 108.7% in the third quarter. Alps Advisors Inc. now owns 7,203,207 shares of the mining company’s stock valued at $88,527,000 after buying an additional 3,751,376 shares during the last quarter. Caprock Group LLC acquired a new position in shares of First Majestic Silver in the third quarter valued at approximately $1,045,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of First Majestic Silver in the third quarter valued at approximately $3,131,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

Wall Street Analysts Forecast Growth

AG has been the subject of a number of analyst reports. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research lowered shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. BMO Capital Markets raised shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 24th. Wall Street Zen lowered shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, HC Wainwright upped their price target on shares of First Majestic Silver to $30.75 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.25.

First Majestic Silver Price Performance

AG opened at $19.44 on Tuesday. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. First Majestic Silver Corp. has a 52-week low of $5.76 and a 52-week high of $32.03. The company has a 50 day moving average of $20.79 and a two-hundred day moving average of $19.94. The company has a market cap of $9.60 billion, a P/E ratio of 32.39 and a beta of 0.85.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $476.67 million during the quarter, compared to analysts’ expectations of $522.00 million. First Majestic Silver had a net margin of 19.51% and a return on equity of 11.19%. First Majestic Silver’s revenue for the quarter was up 95.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. On average, analysts expect that First Majestic Silver Corp. will post 0.74 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 20th will be paid a $0.0171 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, May 20th. First Majestic Silver’s payout ratio is currently 11.67%.

About First Majestic Silver

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.