First Majestic Silver Corp. (NYSE:AG) Receives $8.50 Average PT from Analysts

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR has earned a consensus recommendation of "Hold" from the four brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.50.

AG has been the subject of several research analyst reports. TD Securities upgraded First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. HC Wainwright reissued a "buy" rating and set a $11.00 price objective on shares of First Majestic Silver in a research report on Friday, February 21st. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, Scotiabank reiterated a "sector perform" rating and set a $6.00 price objective on shares of First Majestic Silver in a report on Wednesday, April 2nd.

First Majestic Silver Trading Down 1.5 %

First Majestic Silver stock traded down $0.10 during mid-day trading on Friday, hitting $6.30. The stock had a trading volume of 7,245,418 shares, compared to its average volume of 12,342,067. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.05 billion, a PE ratio of -17.96 and a beta of 0.81. The stock has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $6.16. First Majestic Silver has a 12 month low of $4.43 and a 12 month high of $8.09.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The firm had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. As a group, sell-side analysts forecast that First Majestic Silver will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.0057 dividend. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.36%. First Majestic Silver's dividend payout ratio (DPR) is presently -5.71%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in shares of First Majestic Silver by 1,221.6% during the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after purchasing an additional 3,506 shares in the last quarter. Allworth Financial LP raised its position in First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after acquiring an additional 4,591 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in First Majestic Silver in the fourth quarter valued at $55,000. Bank of Nova Scotia bought a new position in shares of First Majestic Silver in the 4th quarter valued at about $57,000. Finally, Captrust Financial Advisors acquired a new position in shares of First Majestic Silver during the 4th quarter worth about $58,000. 27.16% of the stock is 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 covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.