First Majestic Silver Corp. (NYSE:AG) Receives $8.75 Average Price Target from Brokerages

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR has earned an average recommendation of "Hold" from the four analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.75.

A number of equities analysts recently commented on AG shares. Wall Street Zen upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. TD Securities upgraded First Majestic Silver to a "hold" rating in a report on Monday, March 10th. HC Wainwright increased their price target on First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a report on Friday, May 9th. National Bankshares reiterated 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 target on shares of First Majestic Silver in a report on Wednesday, April 2nd.

First Majestic Silver Stock Up 0.8%

NYSE:AG traded up $0.05 during mid-day trading on Tuesday, reaching $6.18. The stock had a trading volume of 17,013,642 shares, compared to its average volume of 13,284,477. The business's 50 day moving average is $6.12 and its 200 day moving average is $6.00. First Majestic Silver has a fifty-two week low of $4.43 and a fifty-two week high of $8.06. The stock has a market cap of $2.99 billion, a P/E ratio of -17.66 and a beta of 0.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The firm had revenue of $241.12 million during the quarter, compared to analyst estimates of $358.65 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The company's quarterly revenue was up 41.6% on a year-over-year basis. As a group, sell-side analysts predict that First Majestic Silver will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.0045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 0.32%. First Majestic Silver's dividend payout ratio (DPR) is presently -3.45%.

Hedge Funds Weigh In On First Majestic Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake 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 acquiring an additional 3,506 shares during the last quarter. Allworth Financial LP grew its stake in shares of First Majestic Silver by 805.4% in 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 during the last quarter. AlphaQuest LLC acquired a new stake in shares of First Majestic Silver in the first quarter worth $29,000. Banque Cantonale Vaudoise acquired a new stake in shares of First Majestic Silver in the first quarter worth $46,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of First Majestic Silver in the fourth quarter worth $55,000. Institutional investors and hedge funds own 27.16% of the company's stock.

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.