Connor Clark & Lunn Investment Management Ltd. Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

On March 21st, 2025, it was reported that Connor Clark & Lunn Investment Management Ltd. has made a newly established investment in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the fourth quarter of the previous year. The company disclosed in its latest 13F filing with the Securities and Exchange Commission (SEC) that it acquired a total of 178,700 shares belonging to the mining enterprise, valuing this investment at around $981,000. As of this filing, Connor Clark & Lunn Investment Management Ltd. owned 0.06% of First Majestic Silver's shares.

In addition to Connor Clark, several other hedge funds have also engaged in buying and selling shares of First Majestic Silver. Notably, Allworth Financial LP increased its stake in the company by an impressive 805.4% during the same quarter. This lift brought their total ownership to 5,161 shares, now worth $29,000 after acquiring an additional 4,591 shares. Generali Investments CEE investicni spolecnost a.s. joined the trend by purchasing a new stake worth $55,000 in First Majestic Silver during the fourth quarter. Other notable purchases included Y Intercept Hong Kong Ltd, which invested $70,000 in the third quarter, as well as Kingswood Wealth Advisors LLC and Fiduciary Family Office LLC, acquiring stakes valued at $82,000 and $86,000 respectively, during the fourth quarter. Collectively, these institutional investors own about 27.16% of the company’s stock.

Recent Analyst Ratings

Recent analyses by a number of financial experts have provided varied insights on First Majestic Silver shares. Just last month, TD Securities upgraded the stock to a "hold" rating, while StockNews.com raised its rating from "sell" to "hold". On February 21st, HC Wainwright maintained a "buy" rating on First Majestic Silver, establishing a price target of $11.00 per share. In contrast, Scotiabank revised their price target downward from $6.50 to $6.00 and classified the company with a "sector perform" rating as of January 15th. Presently, three market analysts have assigned a hold rating, with one suggesting a buy. Data from MarketBeat.com indicates that the average rating for First Majestic Silver is "Hold" with a price target average of $8.50.

Stock Performance Overview

As of Friday, AG shares opened at $7.05, reflecting a market capitalization of $3.41 billion, accompanied by a price-to-earnings ratio of -20.15. The company holds a beta of 1.16, with a debt-to-equity ratio of 0.16. Its current ratio is noted at 2.56 and the quick ratio stands at 2.12. Over the past fifty days, the stock has shown a moving average of $5.83, while the 200-day moving average is $6.09. Throughout the past year, shares of First Majestic Silver Corp. reached a low of $4.43 and a high of $8.44.

In its latest earnings report, released on February 20th, First Majestic Silver announced a quarterly earnings per share (EPS) of $0.03, which was below the anticipated consensus of $0.05, missing by $0.02. Revenue for the quarter was approximately $172.34 million, contrasting sharply with the expectations of $227.77 million set by analysts. Overall, the firm experienced a negative return on equity of 3.07% alongside a net margin of -18.17%. Analysts project that First Majestic Silver Corp. will attain an EPS of 0.54 for the current fiscal year.

Dividend Declaration

Recently, First Majestic Silver declared a quarterly dividend that was paid out on March 14th. Investors with a record as of February 28th received a dividend of $0.0057, marking an improvement from their prior quarterly dividend of $0.00. The ex-dividend date was also on February 28th. This translates into an annualized dividend of $0.02, resulting in a yield of 0.32%. The company's dividend payout ratio stands at -5.71%.

Company Profile

First Majestic Silver Corp. is engaged in the acquisition, exploration, development, and production of mineral properties, primarily focusing on silver and gold extraction throughout North America. Their operational projects include the San Dimas mine, which spans approximately 71,867 hectares in Durango State, Mexico, the Santa Elena mine covering about 102,244 hectares in Sonora State, Mexico, and the La Encantada location, which encompasses roughly 4,076 hectares in Coahuila State, Mexico.

investment, silver, stocks, mining, finance