Total Wealth Planning & Management Inc. Acquires Shares of 46,152 First Majestic Silver Corp. $AG

Total Wealth Planning & Management Inc. acquired a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,152 shares of the mining company’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lodestone Wealth Management LLC bought a new stake in First Majestic Silver during the 4th quarter valued at about $25,000. Spire Wealth Management bought a new stake in First Majestic Silver during the 4th quarter valued at about $35,000. Aventura Private Wealth LLC bought a new stake in First Majestic Silver during the 4th quarter valued at about $42,000. Trust Co. of Vermont bought a new stake in shares of First Majestic Silver in the fourth quarter worth approximately $43,000. Finally, Sittner & Nelson LLC bought a new stake in shares of First Majestic Silver in the fourth quarter worth approximately $50,000. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Stock Performance

Shares of AG stock opened at $19.78 on Friday. The company has a 50 day moving average price of $20.78 and a 200-day moving average price of $20.43. First Majestic Silver Corp. has a 52 week low of $7.74 and a 52 week high of $32.03. The firm has a market capitalization of $9.77 billion, a PE ratio of 32.97 and a beta of 0.86. 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 (NYSE:AG) (TSE:FR) last posted its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $476.67 million during the quarter, compared to analysts’ expectations of $522.00 million. First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.The business’s quarterly revenue was up 95.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts expect that First Majestic Silver Corp. will post 0.74 earnings per share for the current year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 20th were issued a $0.0171 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.3%. First Majestic Silver’s payout ratio is 11.67%.

Analysts Set New Price Targets

A number of analysts have recently commented on AG shares. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded shares of First Majestic Silver from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. BMO Capital Markets upgraded shares of First Majestic Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 24th. Zacks Research lowered shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, HC Wainwright lifted their price target on shares of First Majestic Silver to $30.75 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.25.

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.