First Majestic Silver (NYSE:AG) Shares Up 3.1%

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR shares shot up 3.1% during trading on Tuesday . The stock traded as high as $6.42 and last traded at $6.41. 1,509,923 shares traded hands during trading, a decline of 80% from the average session volume of 7,437,171 shares. The stock had previously closed at $6.22.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AG. HC Wainwright cut their price target on First Majestic Silver from $12.00 to $6.75 and set a "buy" rating on the stock in a report on Friday, January 19th. StockNews.com upgraded First Majestic Silver to a "sell" rating in a report on Monday, February 26th.

First Majestic Silver Trading Up 3.5 %

The company has a 50-day moving average price of $5.00 and a 200-day moving average price of $5.29. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -13.41 and a beta of 1.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.04 and a current ratio of 2.57.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business 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 company posted ($0.07) earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.0048 dividend. 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. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. First Majestic Silver's dividend payout ratio is -4.17%.

Institutional Trading of First Majestic Silver

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of First Majestic Silver by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 10,265,051 shares of the mining company's stock valued at $63,130,000 after purchasing an additional 479,948 shares during the period. Creekmur Asset Management LLC acquired a new stake in First Majestic Silver during the 4th quarter worth approximately $43,000. Goldman Sachs Group Inc. lifted its position in First Majestic Silver by 231.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,614,262 shares of the mining company's stock worth $9,928,000 after acquiring an additional 1,127,952 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in First Majestic Silver by 0.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 790,692 shares of the mining company's stock worth $4,855,000 after acquiring an additional 5,801 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in First Majestic Silver during the 4th quarter worth approximately $87,000. 27.16% of the stock is owned by institutional investors and hedge funds.

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.