DJE Kapital AG Purchases Shares of 695,400 First Majestic Silver Corp. $AG

DJE Kapital AG purchased a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 695,400 shares of the mining company’s stock, valued at approximately $5,615,000. DJE Kapital AG owned about 0.14% of First Majestic Silver as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in First Majestic Silver during the first quarter valued at about $29,000. CWM LLC boosted its position in shares of First Majestic Silver by 57.2% in the second quarter. CWM LLC now owns 5,114 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,860 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of First Majestic Silver in the first quarter worth $46,000. American National Bank & Trust purchased a new stake in shares of First Majestic Silver in the second quarter worth $66,000. Finally, Headlands Technologies LLC raised its position in shares of First Majestic Silver by 118.3% during the 1st quarter. Headlands Technologies LLC now owns 12,063 shares of the mining company’s stock valued at $81,000 after purchasing an additional 6,538 shares during the period. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Trading Up 4.5%

AG stock opened at $11.39 on Friday. The firm has a fifty day moving average price of $11.85 and a 200 day moving average price of $9.16. First Majestic Silver Corp. has a fifty-two week low of $5.09 and a fifty-two week high of $15.69. The firm has a market cap of $5.58 billion, a PE ratio of -1,137.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.84 and a current ratio of 3.27.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Wednesday, November 5th. The mining company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). First Majestic Silver had a net margin of 1.78% and a return on equity of 1.72%. The business had revenue of $285.10 million for the quarter, compared to the consensus estimate of $429.78 million. During the same quarter last year, the business earned ($0.09) EPS. First Majestic Silver’s revenue for the quarter was up 95.3% compared to the same quarter last year. Sell-side analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.0052 dividend. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 14th. First Majestic Silver’s dividend payout ratio (DPR) is 14.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. HC Wainwright set a $17.50 price target on First Majestic Silver in a research note on Friday, October 10th. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday. National Bankshares set a $22.00 target price on First Majestic Silver and gave the company an “outperform” rating in a research note on Monday, October 6th. Scotiabank upped their price target on First Majestic Silver from $9.00 to $12.50 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of First Majestic Silver in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, First Majestic Silver presently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

About First Majestic Silver

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.