First Majestic Silver Corp. (NYSE:AG) Short Interest Down 9.9% in April

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 17,950,000 shares, a decline of 9.9% from the March 31st total of 19,930,000 shares. Based on an average daily volume of 9,090,000 shares, the short-interest ratio is presently 2.0 days.

First Majestic Silver Price Performance

AG stock traded down $0.19 during trading on Monday, reaching $6.85. The company's stock had a trading volume of 6,121,421 shares, compared to its average volume of 8,771,714. First Majestic Silver has a 1 year low of $4.17 and a 1 year high of $8.44. The company has a quick ratio of 2.04, a current ratio of 2.57 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.97 billion, a P/E ratio of -14.27 and a beta of 1.43. The company's fifty day moving average is $5.99 and its 200-day moving average is $5.58.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 during the quarter. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, research analysts expect that First Majestic Silver will post -0.01 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.0048 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. First Majestic Silver's dividend payout ratio (DPR) is -4.17%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. HC Wainwright upped their target price on First Majestic Silver from $7.00 to $8.50 and gave the stock a "buy" rating in a report on Friday, April 19th. StockNews.com raised First Majestic Silver to a "sell" rating in a report on Monday, February 26th.

Hedge Funds Weigh In On First Majestic Silver

Several institutional investors have recently bought and sold shares of the business. CWM LLC lifted its stake 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 buying an additional 2,030 shares during the period. Creekmur Asset Management LLC acquired a new position in First Majestic Silver during the fourth quarter valued at $43,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in First Majestic Silver during the first quarter valued at $48,000. Capstone Investment Advisors LLC acquired a new position in shares of First Majestic Silver in the fourth quarter worth about $69,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of First Majestic Silver during the 3rd quarter worth about $77,000. 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.