First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) saw unusually large options trading on Thursday. Traders bought 18,308 call options on the stock. This represents an increase of 63% compared to the average daily volume of 11,203 call options.
Analysts Set New Price Targets
AG has been the subject of several research reports. HC Wainwright cut their price objective on First Majestic Silver from $12.00 to $6.75 and set a “buy” rating for the company in a research note on Friday, January 19th. StockNews.com upgraded First Majestic Silver to a “sell” rating in a research note on Monday, February 26th.
First Majestic Silver Trading Up 5.4 %
Shares of First Majestic Silver stock opened at $5.88 on Friday. The stock has a market cap of $1.69 billion, a P/E ratio of -12.25 and a beta of 1.40. The stock’s 50 day simple moving average is $4.92 and its 200-day simple moving average is $5.28. First Majestic Silver has a 1-year low of $4.17 and a 1-year high of $8.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last issued its earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $136.95 million for the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Analysts predict that First Majestic Silver will post -0.06 EPS for the current fiscal year.
First Majestic Silver Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.0048 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a yield of 0.33%. First Majestic Silver’s dividend payout ratio is currently -4.17%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC raised its position in First Majestic Silver by 105,048.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 47,055,036 shares of the mining company’s stock valued at $392,439,000 after purchasing an additional 47,010,285 shares during the period. Van ECK Associates Corp increased its position in shares of First Majestic Silver by 2.4% during the fourth quarter. Van ECK Associates Corp now owns 30,341,845 shares of the mining company’s stock worth $186,600,000 after acquiring an additional 709,879 shares during the period. Vanguard Group Inc. increased its position in shares of First Majestic Silver by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 10,265,051 shares of the mining company’s stock worth $63,130,000 after acquiring an additional 479,948 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of First Majestic Silver by 4.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company’s stock worth $43,071,000 after acquiring an additional 266,864 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of First Majestic Silver by 17.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,820,270 shares of the mining company’s stock worth $17,345,000 after acquiring an additional 409,050 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.
First Majestic Silver Company Profile
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 that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.
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