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

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR shares saw strong trading volume on Wednesday . 7,066,082 shares were traded during mid-day trading, a decline of 7% from the previous session's volume of 7,587,513 shares.The stock last traded at $6.94 and had previously closed at $6.44.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com upgraded shares of First Majestic Silver to a "sell" rating in a report on Monday, February 26th. HC Wainwright dropped their target price on shares of First Majestic Silver from $12.00 to $6.75 and set a "buy" rating for the company in a report on Friday, January 19th.

First Majestic Silver Trading Up 16.6 %

The firm has a market capitalization of $2.16 billion, a PE ratio of -15.65 and a beta of 1.43. The company's 50-day moving average price is $5.05 and its 200-day moving average price is $5.31. 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 net margin of 23.55% and a negative return on equity of 1.85%. During the same period last year, the firm posted ($0.07) earnings per share. On average, sell-side analysts expect that First Majestic Silver Corp. will post -0.06 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed 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. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Wednesday, March 13th. First Majestic Silver's payout ratio is -4.17%.

Institutional Investors Weigh In On First Majestic Silver

A number of institutional investors and hedge funds have recently bought and sold shares of AG. Franklin Resources Inc. increased its stake in First Majestic Silver by 9.0% in the fourth quarter. Franklin Resources Inc. now owns 20,763 shares of the mining company's stock valued at $173,000 after purchasing an additional 1,717 shares during the period. IHT Wealth Management LLC increased its stake in First Majestic Silver by 16.0% in the first quarter. IHT Wealth Management LLC now owns 14,512 shares of the mining company's stock valued at $191,000 after purchasing an additional 2,000 shares during the period. American Century Companies Inc. increased its stake in First Majestic Silver by 3.0% in the third quarter. American Century Companies Inc. now owns 68,500 shares of the mining company's stock valued at $351,000 after purchasing an additional 2,000 shares during the period. CWM LLC increased 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 acquiring an additional 2,030 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of First Majestic Silver by 12.6% during the first quarter. Profund Advisors LLC now owns 19,117 shares of the mining company's stock worth $138,000 after acquiring an additional 2,145 shares during the period. 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.