ETF Managers Group LLC Has $96.71 Million Stake in First Majestic Silver Corp. (NYSE:AG)

ETF Managers Group LLC grew its holdings in First Majestic Silver Corp. (NYSE:AGGet Rating) (TSE:FR) by 2.3% in the 4th quarter, Holdings Channel reports. The fund owned 8,760,052 shares of the mining company’s stock after purchasing an additional 199,975 shares during the quarter. First Majestic Silver comprises 1.9% of ETF Managers Group LLC’s portfolio, making the stock its 2nd biggest holding. ETF Managers Group LLC’s holdings in First Majestic Silver were worth $96,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of First Majestic Silver by 42.4% in the fourth quarter. Fifth Third Bancorp now owns 4,201 shares of the mining company’s stock valued at $47,000 after acquiring an additional 1,250 shares during the period. Clean Yield Group bought a new stake in shares of First Majestic Silver in the fourth quarter valued at approximately $78,000. Parsons Capital Management Inc. RI bought a new position in First Majestic Silver in the fourth quarter worth $111,000. Ameritas Advisory Services LLC acquired a new stake in First Majestic Silver during the fourth quarter worth $111,000. Finally, Ballew Advisors Inc bought a new stake in First Majestic Silver in the 4th quarter valued at $107,000. 39.65% of the stock is owned by institutional investors.

AG has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $22.00 target price on shares of First Majestic Silver in a research note on Tuesday, April 19th. StockNews.com began coverage on First Majestic Silver in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. TD Securities dropped their price objective on First Majestic Silver from C$20.00 to C$12.00 in a research note on Friday, May 13th. National Bank Financial boosted their target price on shares of First Majestic Silver from C$17.00 to C$18.00 in a research note on Wednesday, April 20th. Finally, BMO Capital Markets dropped their target price on shares of First Majestic Silver from C$12.00 to C$10.50 in a research report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.63.

NYSE:AG traded up $0.15 on Thursday, reaching $8.31. The stock had a trading volume of 5,164,854 shares, compared to its average volume of 6,147,822. The company has a market capitalization of $2.17 billion, a P/E ratio of -816,000.00 and a beta of 1.01. First Majestic Silver Corp. has a 1-year low of $7.24 and a 1-year high of $18.93. The company has a quick ratio of 1.82, a current ratio of 2.24 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $11.48 and a 200-day moving average price of $11.54.

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) last released its quarterly earnings results on Thursday, May 12th. The mining company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm had revenue of $156.84 million during the quarter. First Majestic Silver had a net margin of 0.08% and a negative return on equity of 0.53%. Sell-side analysts predict that First Majestic Silver Corp. will post 0.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 25th will be given a dividend of $0.006 per share. The ex-dividend date is Tuesday, May 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. First Majestic Silver’s payout ratio is -200,000.00%.

First Majestic Silver Company Profile (Get Rating)

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. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

Further Reading

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Institutional Ownership by Quarter for First Majestic Silver (NYSE:AG)

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