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Submission: On August 09 via manual from CA — Scanned from CA
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Skip to main content * Home * Privacy Policy * Contact Us ☰ * Nation * World * Entertainment * Economics * Sports * Health * Home * Privacy Policy * Contact Us * Nation * World * Entertainment * Economics * Sports * Health CIBC ASSET MANAGEMENT INC GROWS STOCK POSITION IN FIRST MAJESTIC SILVER CORP. (NYSE:AG) Posted by AM Reporter Staff on Aug 8th, 2022 Share on Twitter Share on Facebook Share on LinkedIn Share on Stocktwits CIBC Asset Management Inc boosted its stake in shares of First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR) by 3.8% in the 1st quarter, HoldingsChannel reports. The fund owned 200,491 shares of the mining company’s stock after buying an additional 7,248 shares during the quarter. CIBC Asset Management Inc’s holdings in First Majestic Silver were worth $2,638,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fifth Third Bancorp grew its holdings in First Majestic Silver by 42.4% in the 4th quarter. Fifth Third Bancorp now owns 4,201 shares of the mining company’s stock worth $47,000 after acquiring an additional 1,250 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in First Majestic Silver during the 4th quarter valued at about $111,000. Parsons Capital Management Inc. RI bought a new position in First Majestic Silver during the 4th quarter valued at approximately $111,000. Bridgefront Capital LLC purchased a new stake in First Majestic Silver in the 4th quarter worth approximately $122,000. Finally, Bayesian Capital Management LP bought a new stake in shares of First Majestic Silver in the 4th quarter worth approximately $132,000. 39.65% of the stock is currently owned by institutional investors. Get First Majestic Silver alerts: ANALYSTS SET NEW PRICE TARGETS AG has been the subject of a number of research analyst reports. TD Securities dropped their price target on First Majestic Silver from C$20.00 to C$12.00 in a research note on Friday, May 13th. National Bank Financial cut their price objective on shares of First Majestic Silver from C$18.00 to C$11.75 in a report on Thursday, July 21st. TheStreet downgraded First Majestic Silver from a “c” rating to a “d+” rating in a report on Friday, April 22nd. HC Wainwright reduced their price target on shares of First Majestic Silver from $19.50 to $12.50 and set a “buy” rating for the company in a research report on Monday, July 25th. Finally, BMO Capital Markets decreased their target price on First Majestic Silver from C$10.00 to C$9.50 in a research report on Monday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.44. FIRST MAJESTIC SILVER PRICE PERFORMANCE Shares of AG stock opened at $8.05 on Monday. The company’s 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $10.09. First Majestic Silver Corp. has a one year low of $6.31 and a one year high of $14.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.98 and a current ratio of 2.46. First Majestic Silver (NYSE:AG – Get Rating) (TSE:FR) last released its quarterly earnings results on Thursday, May 12th. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $156.84 million during the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 15.35%. On average, sell-side analysts anticipate that First Majestic Silver Corp. will post 0.19 EPS for the current year. FIRST MAJESTIC SILVER INCREASES DIVIDEND The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be paid a dividend of $0.0061 per share. This represents a $0.02 annualized dividend and a yield of 0.30%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, August 15th. First Majestic Silver’s payout ratio is -5.26%. ABOUT FIRST MAJESTIC SILVER (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 * Get a free copy of the StockNews.com research report on First Majestic Silver (AG) * Electric Vehicles Can Drive Alcoa Stock Higher * Can Airbnb Still Thrive in a Recession? * What to Expect from the Markets in a Recession * ConocoPhillips Shares Advance On Strong Q2 Revenue * MarketBeat: Week in Review 8/1 – 8/5 Want to see what other hedge funds are holding AG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR). Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter. « PREVIOUS HEADLINE CIBC Asset Management Inc Raises Stock Holdings in The Mosaic Company (NYSE:MOS) NEXT HEADLINE » CIBC Asset Management Inc Buys 342 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) YOU MIGHT BE INTERESTED IN: Kentucky Retirement Systems Raises Stock Position in AvalonBay Communities, Inc. Chevron Co. is Rossmore Private Capital’s 2nd Largest Position Kentucky Retirement Systems Insurance Trust Fund Buys 5,243 Shares of Chevron Co. Teacher Retirement System of Texas Has $16.96 Million Stake in Dominion Energy, Inc. IQVIA Holdings Inc. Shares Sold by Teacher Retirement System of Texas Teacher Retirement System of Texas Buys 139,130 Shares of D.R. Horton, Inc. DAILY RATINGS & NEWS FOR FIRST MAJESTIC SILVER Complete the form below to receive the latest headlines and analysts' recommendations for First Majestic Silver with our free daily email newsletter: RECENT NEWS * Kentucky Retirement Systems Raises Stock Position in AvalonBay Communities, Inc. (NYSE:AVB) * Chevron Co. (NYSE:CVX) is Rossmore Private Capital’s 2nd Largest Position * Kentucky Retirement Systems Insurance Trust Fund Buys 5,243 Shares of Chevron Co. (NYSE:CVX) * Teacher Retirement System of Texas Has $16.96 Million Stake in Dominion Energy, Inc. (NYSE:D) * IQVIA Holdings Inc. (NYSE:IQV) Shares Sold by Teacher Retirement System of Texas * Teacher Retirement System of Texas Buys 139,130 Shares of D.R. Horton, Inc. (NYSE:DHI) * Kentucky Retirement Systems Insurance Trust Fund Grows Stock Position in Devon Energy Co. (NYSE:DVN) * Mutual Advisors LLC Has $1.93 Million Position in Lowe’s Companies, Inc. 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(NASDAQ:DLTR) Shares Purchased by Kentucky Retirement Systems Insurance Trust Fund * Kentucky Retirement Systems Insurance Trust Fund Has $1.24 Million Position in Welltower Inc. (NYSE:WELL) * Nation * World * Entertainment * Economics * Sports * Health © 2018-2022 The AM Reporter First Majestic Silver - Receive News & Ratings Daily Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat's FREE daily ratings newsletter. Privacy Policy