First Majestic Silver Corp. (NYSE:AG) Given Average Rating of "Hold" by Analysts

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR has earned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.63.

AG has been the topic of a number of recent analyst reports. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a research note on Thursday, June 12th. Scotiabank increased their price objective on shares of First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th. Finally, HC Wainwright increased their price objective on shares of First Majestic Silver from $11.50 to $12.75 and gave the company a "buy" rating in a research note on Thursday, July 10th.

Institutional Trading of First Majestic Silver

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of First Majestic Silver by 1,221.6% during the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after buying an additional 3,506 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of First Majestic Silver during the first quarter worth approximately $29,000. Banque Cantonale Vaudoise acquired a new stake in shares of First Majestic Silver during the first quarter worth approximately $46,000. Bank of Nova Scotia bought a new position in First Majestic Silver during the fourth quarter worth $57,000. Finally, Captrust Financial Advisors bought a new position in First Majestic Silver during the fourth quarter worth $58,000. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Stock Down 2.5%

Shares of AG stock traded down $0.21 during trading on Wednesday, reaching $8.27. The company's stock had a trading volume of 16,458,990 shares, compared to its average volume of 16,107,580. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.19 and a quick ratio of 2.74. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -28.52 and a beta of 0.82. The stock's 50-day moving average price is $7.58 and its 200 day moving average price is $6.54. First Majestic Silver has a 1-year low of $4.43 and a 1-year high of $9.48.

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

First Majestic Silver Announces Dividend

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

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.