First Majestic Silver (NYSE:AG) Sets New 52-Week High at $8.19

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR shares reached a new 52-week high on Monday . The stock traded as high as $8.19 and last traded at $7.93, with a volume of 3842287 shares traded. The stock had previously closed at $7.79.

Wall Street Analysts Forecast Growth

AG has been the topic of a number of recent analyst reports. HC Wainwright reduced their price objective on First Majestic Silver from $12.00 to $6.75 and set a "buy" rating on the stock in a research note on Friday, January 19th. StockNews.com raised shares of First Majestic Silver to a "sell" rating in a report on Monday, February 26th.

First Majestic Silver Stock Up 1.8 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.04 and a current ratio of 2.57. The firm has a market capitalization of $2.28 billion, a PE ratio of -16.52 and a beta of 1.43. The company has a fifty day simple moving average of $5.23 and a two-hundred day simple moving average of $5.36.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings results on Thursday, February 22nd. The mining company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $136.95 million during the quarter. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. During the same period in the prior year, the business posted ($0.07) EPS. Analysts forecast that First Majestic Silver Corp. will post -0.06 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.0048 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.24%. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, March 13th. First Majestic Silver's dividend payout ratio is presently -4.17%.

Institutional Investors Weigh In On First Majestic Silver

Several large investors have recently made changes to their positions in AG. Coppell Advisory Solutions LLC bought a new position in shares of First Majestic Silver in the second quarter valued at approximately $27,000. CWM LLC lifted its position in First Majestic Silver by 59.7% during the 3rd quarter. CWM LLC now owns 5,433 shares of the mining company's stock worth $28,000 after buying an additional 2,030 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in First Majestic Silver by 19,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,000 shares of the mining company's stock valued at $33,000 after buying an additional 3,980 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of First Majestic Silver during the 4th quarter worth approximately $33,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of First Majestic Silver during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 27.16% of the company's stock.

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.