First Majestic Silver (NYSE:AG) Reaches New 1-Year High - Time to Buy?

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR's stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $9.48 and last traded at $9.15, with a volume of 24077108 shares. The stock had previously closed at $9.27.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. HC Wainwright boosted their price objective on shares of First Majestic Silver from $11.50 to $12.75 and gave the stock a "buy" rating in a research note on Thursday, July 10th. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Scotiabank lifted their price target on shares of First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. Finally, National Bank Financial upgraded First Majestic Silver to a "hold" rating in a report on Thursday, June 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.63.

First Majestic Silver Stock Performance

The firm has a fifty day moving average price of $7.47 and a 200 day moving average price of $6.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.74 and a current ratio of 3.19. The stock has a market cap of $4.03 billion, a PE ratio of -28.53 and a beta of 0.82.

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 EPS for the quarter, missing the consensus estimate 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 business had revenue of $241.12 million for the quarter, compared to analysts' expectations of $358.65 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The business's revenue for the quarter was up 41.6% on a year-over-year basis. Research analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.0045 per share. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver's dividend payout ratio (DPR) is presently -6.90%.

Institutional Investors Weigh In On First Majestic Silver

A number of large investors have recently made changes to their positions in the stock. American National Bank & Trust purchased a new stake in shares of First Majestic Silver during the second quarter valued at $66,000. Public Employees Retirement System of Ohio grew its holdings in shares of First Majestic Silver by 9.2% during the second quarter. Public Employees Retirement System of Ohio now owns 130,021 shares of the mining company's stock valued at $1,074,000 after buying an additional 10,907 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of First Majestic Silver by 9.2% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 23,703 shares of the mining company's stock valued at $196,000 after buying an additional 2,001 shares during the last quarter. Marotta Asset Management purchased a new stake in shares of First Majestic Silver during the second quarter valued at $633,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of First Majestic Silver by 3.4% during the first quarter. Geneos Wealth Management Inc. now owns 101,652 shares of the mining company's stock valued at $680,000 after buying an additional 3,300 shares during the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

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.