First Majestic Silver Corp. (NYSE:AG) Receives Average Recommendation of "Hold" from Brokerages

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR has earned an average recommendation of "Hold" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.75.

Several research firms have recently weighed in on AG. HC Wainwright raised their price objective on shares of First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a research report on Friday, May 9th. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities raised First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. Scotiabank reiterated a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, National Bank Financial raised First Majestic Silver to a "hold" rating in a report on Thursday, June 12th.

Institutional Trading of First Majestic Silver

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in shares of First Majestic Silver by 1,221.6% in the first 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 during the last quarter. Allworth Financial LP boosted its position in First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after buying an additional 4,591 shares during the period. AlphaQuest LLC bought a new stake in First Majestic Silver in the 1st quarter worth $29,000. Banque Cantonale Vaudoise bought a new stake in First Majestic Silver in the 1st quarter worth $46,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of First Majestic Silver in the fourth quarter valued at about $55,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Price Performance

Shares of AG traded down $0.25 during trading hours on Friday, reaching $8.10. 34,121,681 shares of the company's stock traded hands, compared to its average volume of 14,717,901. First Majestic Silver has a 12 month low of $4.43 and a 12 month high of $8.70. The company has a current ratio of 3.19, a quick ratio of 2.74 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.93 billion, a PE ratio of -27.93 and a beta of 0.74. The firm's 50 day simple moving average is $6.69 and its 200-day simple moving average is $6.19.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. The company had revenue of $241.12 million during the quarter, compared to analysts' expectations of $358.65 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The company's revenue for the quarter was up 41.6% compared to the same quarter last year. Equities analysts expect that First Majestic Silver will post 0.54 EPS for the current year.

First Majestic Silver Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.0045 dividend. This represents a yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver's payout ratio is presently -6.90%.

About First Majestic Silver

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.