First Majestic Silver Sees Unusually High Options Volume (NYSE:AG)

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR saw unusually large options trading activity on Friday. Stock investors purchased 27,614 call options on the stock. This is an increase of 37% compared to the average volume of 20,084 call options.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock traded up $0.50 on Friday, reaching $7.93. 17,749,052 shares of the stock were exchanged, compared to its average volume of 8,705,974. The company has a current ratio of 2.33, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.28 billion, a PE ratio of -49.62 and a beta of 1.39. First Majestic Silver has a 1-year low of $4.17 and a 1-year high of $8.44. The business has a fifty day moving average price of $6.61 and a two-hundred day moving average price of $5.72.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its 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 3.28% and a negative net margin of 9.18%. The business had revenue of $136.95 million during the quarter. During the same period last year, the company posted ($0.07) earnings per share. As a group, research analysts anticipate that First Majestic Silver will post -0.03 earnings per share for the current fiscal year.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.004 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, May 16th. First Majestic Silver's dividend payout ratio (DPR) is -12.50%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HC Wainwright restated a "buy" rating and issued a $8.50 price target on shares of First Majestic Silver in a research report on Thursday, May 9th. StockNews.com raised First Majestic Silver to a "sell" rating in a report on Monday, February 26th.

Institutional Trading of First Majestic Silver

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of First Majestic Silver by 5.1% in the first quarter. Van ECK Associates Corp now owns 31,876,555 shares of the mining company's stock valued at $187,433,000 after buying an additional 1,534,710 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company's stock valued at $61,456,000 after acquiring an additional 186,570 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in First Majestic Silver by 4.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company's stock worth $43,071,000 after acquiring an additional 266,864 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of First Majestic Silver by 6,929.4% in the first quarter. Tidal Investments LLC now owns 5,174,889 shares of the mining company's stock valued at $30,406,000 after purchasing an additional 5,101,271 shares in the last quarter. Finally, Sprott Inc. grew its position in shares of First Majestic Silver by 0.5% in the fourth quarter. Sprott Inc. now owns 787,862 shares of the mining company's stock valued at $4,838,000 after purchasing an additional 4,257 shares during the last quarter. Hedge funds and other 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.