CIBC Asset Management Inc Purchases 7,900 Shares of First Majestic Silver Corp. (NYSE:AG) (2024)

CIBC Asset Management Inc raised its position in First Majestic Silver Corp. (NYSE:AG – Free Report) (TSE:FR) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 281,178 shares of the mining company’s stock after buying an additional 7,900 shares during the quarter. CIBC Asset Management Inc’s holdings in First Majestic Silver were worth $1,731,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Trexquant Investment LP increased its position in shares of First Majestic Silver by 1.8% in the fourth quarter. Trexquant Investment LP now owns 178,151 shares of the mining company’s stock worth $1,096,000 after purchasing an additional 3,069 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of First Majestic Silver by 5.8% in the 3rd quarter. Toronto Dominion Bank now owns 71,753 shares of the mining company’s stock worth $368,000 after buying an additional 3,924 shares during the last quarter. AXQ Capital LP raised its position in shares of First Majestic Silver by 63.2% during the 3rd quarter. AXQ Capital LP now owns 17,300 shares of the mining company’s stock valued at $89,000 after buying an additional 6,700 shares in the last quarter. Koshinski Asset Management Inc. raised its position in shares of First Majestic Silver by 51.2% during the 4th quarter. Koshinski Asset Management Inc. now owns 20,090 shares of the mining company’s stock valued at $124,000 after buying an additional 6,800 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of First Majestic Silver by 5.3% during the 4th quarter. Mackenzie Financial Corp now owns 136,363 shares of the mining company’s stock worth $837,000 after acquiring an additional 6,875 shares during the last quarter. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Stock Performance

First Majestic Silver stock opened at $6.33 on Friday. The firm has a fifty day simple moving average of $7.16 and a two-hundred day simple moving average of $5.97. The company has a quick ratio of 1.77, a current ratio of 2.33 and a debt-to-equity ratio of 0.18. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44. The company has a market capitalization of $1.84 billion, a PE ratio of -39.56 and a beta of 1.43.

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last released its earnings results on Wednesday, May 8th. The mining company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $106.01 million during the quarter. First Majestic Silver had a negative net margin of 9.18% and a negative return on equity of 3.28%. Research analysts expect that First Majestic Silver Corp. will post -0.03 EPS for the current year.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.004 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.02 annualized dividend and a yield of 0.25%. First Majestic Silver’s payout ratio is currently -6.25%.

Analyst Ratings Changes

AG has been the topic of a number of research analyst reports. Scotiabank increased their target price on First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. StockNews.com raised First Majestic Silver to a “sell” rating in a report on Monday, February 26th. Finally, HC Wainwright restated a “buy” rating and issued a $8.50 target price on shares of First Majestic Silver in a research report on Thursday, May 9th.

Read Our Latest Stock Analysis on First Majestic Silver

First Majestic Silver Company Profile

(Free Report)

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.

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