First Majestic Silver (NYSE:AG) Sees Unusually-High Trading Volume

First Majestic Silver Corp. (NYSE:AGGet Rating) (TSE:FR) shares saw an uptick in trading volume on Tuesday . 105,165 shares changed hands during mid-day trading, a decline of 98% from the previous session’s volume of 5,894,780 shares.The stock last traded at $13.50 and had previously closed at $13.89.

Several research firms have weighed in on AG. TheStreet lowered shares of First Majestic Silver from a “b-” rating to a “c” rating in a report on Monday, December 20th. StockNews.com began coverage on shares of First Majestic Silver in a report on Thursday, March 31st. They issued a “sell” rating on the stock. HC Wainwright decreased their target price on shares of First Majestic Silver from $22.50 to $22.00 and set a “buy” rating on the stock in a report on Friday, March 11th. Zacks Investment Research upgraded shares of First Majestic Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 22nd. Finally, BMO Capital Markets decreased their price objective on shares of First Majestic Silver from C$13.50 to C$13.00 in a report on Friday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, First Majestic Silver presently has an average rating of “Hold” and an average target price of $18.25.

The firm’s fifty day moving average price is $12.82 and its 200 day moving average price is $12.05. The company has a current ratio of 2.30, a quick ratio of 1.95 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -694.15 and a beta of 0.90.

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) last issued its quarterly earnings data on Thursday, March 10th. The mining company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $204.90 million during the quarter, compared to analyst estimates of $263.74 million. First Majestic Silver had a positive return on equity of 0.45% and a negative net margin of 0.84%. The business’s revenue was up 75.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, analysts forecast that First Majestic Silver Corp. will post 0.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 4th. Shareholders of record on Monday, March 21st were issued a dividend of $0.006 per share. The ex-dividend date of this dividend was Friday, March 18th. This is a positive change 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 0.18%. First Majestic Silver’s dividend payout ratio is -149.93%.

A number of institutional investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC lifted its holdings in First Majestic Silver by 2.3% during the 4th quarter. ETF Managers Group LLC now owns 8,760,052 shares of the mining company’s stock worth $96,711,000 after buying an additional 199,975 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of First Majestic Silver by 18.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,202,344 shares of the mining company’s stock valued at $46,809,000 after purchasing an additional 641,019 shares during the last quarter. Norges Bank purchased a new stake in shares of First Majestic Silver in the 4th quarter valued at approximately $19,635,000. Morgan Stanley increased its position in shares of First Majestic Silver by 7.0% in the 2nd quarter. Morgan Stanley now owns 1,551,886 shares of the mining company’s stock valued at $24,535,000 after purchasing an additional 101,662 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of First Majestic Silver by 35.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,164,852 shares of the mining company’s stock valued at $13,163,000 after purchasing an additional 303,329 shares during the last quarter. Institutional investors own 26.97% of the company’s stock.

First Majestic Silver Company Profile (NYSE:AG)

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; 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.

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