First Majestic Silver (NYSE:AG) Shares Down 5.5% - Should You Sell?

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR shares fell 5.5% during mid-day trading on Tuesday . The stock traded as low as $8.42 and last traded at $8.22. 2,194,741 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 15,440,869 shares. The stock had previously closed at $8.69.

Analysts Set New Price Targets

A number of research analysts have recently commented on AG shares. National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Scotiabank boosted their target price on shares of First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday. HC Wainwright boosted their target price on shares of First Majestic Silver from $11.50 to $12.75 and gave the stock a "buy" rating in a research report on Thursday. Finally, National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $9.63.

First Majestic Silver Stock Up 7.1%

The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -32.02 and a beta of 0.82. The firm's fifty day moving average is $7.19 and its 200-day moving average is $6.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.19 and a quick ratio of 2.74.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its earnings results 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). 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 the consensus estimate of $358.65 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. The firm's revenue for the quarter was up 41.6% on a year-over-year basis. On average, sell-side analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid 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 payout ratio is -3.45%.

Institutional Trading of First Majestic Silver

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in First Majestic Silver by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company's stock valued at $3,109,000 after purchasing an additional 18,219 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of First Majestic Silver during the first quarter worth about $79,000. Raymond James Financial Inc. bought a new position in shares of First Majestic Silver during the fourth quarter worth about $2,442,000. RFG Advisory LLC bought a new position in shares of First Majestic Silver during the first quarter worth about $527,000. Finally, D.A. Davidson & CO. bought a new position in shares of First Majestic Silver during the first quarter worth about $445,000. Institutional investors 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.