First Majestic Silver (NYSE:AG) Shares Gap Down to $7.49

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR's share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.49, but opened at $7.20. First Majestic Silver shares last traded at $6.86, with a volume of 5,339,419 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AG shares. StockNews.com upgraded First Majestic Silver to a "sell" rating in a research note on Monday, February 26th. HC Wainwright dropped 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.

First Majestic Silver Trading Down 8.7 %

The company has a market cap of $1.96 billion, a P/E ratio of -14.24 and a beta of 1.43. The company has a current ratio of 2.57, a quick ratio of 2.04 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.47.

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) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The business had revenue of $136.95 million for the quarter. During the same quarter last year, the company posted ($0.07) EPS. Analysts forecast that First Majestic Silver Corp. will post -0.06 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.0048 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio is -4.17%.

Institutional Investors Weigh In On First Majestic Silver

Large investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC acquired a new stake in shares of First Majestic Silver during the 2nd quarter worth $27,000. CWM LLC raised its position in shares of First Majestic Silver by 59.7% during the third quarter. CWM LLC now owns 5,433 shares of the mining company's stock worth $28,000 after acquiring an additional 2,030 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Majestic Silver by 19,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,000 shares of the mining company's stock worth $33,000 after acquiring an additional 3,980 shares during the last quarter. Money Concepts Capital Corp bought a new position in shares of First Majestic Silver during the fourth quarter worth about $33,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in First Majestic Silver in the fourth quarter worth approximately $42,000. Institutional investors 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.