First Majestic Silver (NYSE:AG) Trading Down 2.1%

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR traded down 2.1% during mid-day trading on Thursday . The stock traded as low as $7.29 and last traded at $7.35. 3,949,634 shares traded hands during trading, a decline of 49% from the average session volume of 7,818,974 shares. The stock had previously closed at $7.51.

Analysts Set New Price Targets

Several research firms have recently weighed in on AG. StockNews.com raised First Majestic Silver to a "sell" rating in a report on Monday, February 26th. HC Wainwright lowered their price objective on First Majestic Silver from $12.00 to $6.75 and set a "buy" rating on the stock in a research report on Friday, January 19th.

First Majestic Silver Stock Down 0.1 %

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 $2.15 billion, a PE ratio of -16.00 and a beta of 1.43. The company's 50 day moving average is $5.05 and its two-hundred day moving average is $5.31.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued 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. 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 period last year, the company earned ($0.07) earnings per share. On average, analysts anticipate that First Majestic Silver Corp. will post -0.06 earnings per share for the current 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 issued a $0.0048 dividend. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%. First Majestic Silver's payout ratio is -4.17%.

Institutional Trading of First Majestic Silver

Several institutional investors have recently added to or reduced their stakes in AG. Moneta Group Investment Advisors LLC lifted its holdings in shares of First Majestic Silver by 105,048.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 47,055,036 shares of the mining company's stock worth $392,439,000 after buying an additional 47,010,285 shares during the period. Van ECK Associates Corp lifted its position in shares of First Majestic Silver by 2.4% during the fourth quarter. Van ECK Associates Corp now owns 30,341,845 shares of the mining company's stock valued at $186,600,000 after buying an additional 709,879 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 buying an additional 479,948 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of First Majestic Silver by 4.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company's stock worth $43,071,000 after buying an additional 266,864 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of First Majestic Silver by 17.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,820,270 shares of the mining company's stock worth $17,345,000 after acquiring an additional 409,050 shares in the last quarter. Institutional investors own 27.16% of the company's stock.

About First Majestic Silver

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.