First Majestic Silver Target of Unusually Large Options Trading (NYSE:AG)

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR saw some unusual options trading activity on Friday. Stock investors bought 37,754 call options on the stock. This is an increase of approximately 49% compared to the typical volume of 25,365 call options.

First Majestic Silver Price Performance

Shares of NYSE AG traded down $0.13 during mid-day trading on Monday, reaching $9.15. 24,077,108 shares of the company were exchanged, compared to its average volume of 15,945,730. The company has a quick ratio of 2.74, a current ratio of 3.19 and a debt-to-equity ratio of 0.08. The company's 50 day moving average price is $7.31 and its 200 day moving average price is $6.45. First Majestic Silver has a 52 week low of $4.43 and a 52 week high of $9.49. The stock has a market capitalization of $4.43 billion, a PE ratio of -31.53 and a beta of 0.82.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $241.12 million for the quarter, compared to analysts' expectations of $358.65 million. First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. The business's quarterly revenue was up 41.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share. Sell-side analysts forecast that First Majestic Silver will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.0045 dividend. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 0.32%. First Majestic Silver's payout ratio is -3.45%.

Institutional Investors Weigh In On First Majestic Silver

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in First Majestic Silver by 1,221.6% in the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after purchasing an additional 3,506 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of First Majestic Silver in the 1st quarter valued at about $29,000. Banque Cantonale Vaudoise purchased a new stake in First Majestic Silver during the 1st quarter valued at about $46,000. Bank of Nova Scotia bought a new position in First Majestic Silver during the 4th quarter worth approximately $57,000. Finally, Captrust Financial Advisors bought a new position in First Majestic Silver during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. HC Wainwright upped their price target on shares of First Majestic Silver from $11.50 to $12.75 and gave the stock a "buy" rating in a report on Thursday. National Bank Financial raised First Majestic Silver to a "hold" rating in a research note on Thursday, June 12th. Finally, Scotiabank upped their target price on First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.63.

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.