First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) rose 4.8% during trading on Wednesday . The stock traded as high as $5.59 and last traded at $5.60. Approximately 1,667,870 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 15,490,205 shares. The stock had previously closed at $5.34.
Analyst Ratings Changes
A number of research analysts have commented on the company. HC Wainwright reaffirmed a “buy” rating and set a $11.00 price target on shares of First Majestic Silver in a research report on Friday, January 10th. Scotiabank decreased their target price on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th.
Get Our Latest Research Report on First Majestic Silver
First Majestic Silver Stock Performance
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last released its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. The firm had revenue of $146.09 million during the quarter. As a group, equities research analysts expect that First Majestic Silver Corp. will post -0.16 EPS for the current year.
First Majestic Silver Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.0048 dividend. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Friday, November 15th. First Majestic Silver’s dividend payout ratio is -7.41%.
Institutional Trading of First Majestic Silver
Several institutional investors and hedge funds have recently made changes to their positions in AG. Barclays PLC bought a new stake in First Majestic Silver during the 3rd quarter valued at $2,419,000. Marshall Wace LLP purchased a new position in shares of First Majestic Silver during the second quarter valued at $3,904,000. National Bank of Canada FI raised its holdings in shares of First Majestic Silver by 18.0% in the third quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock valued at $4,102,000 after acquiring an additional 104,092 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in First Majestic Silver by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock worth $18,701,000 after acquiring an additional 103,232 shares during the period. Finally, Raymond James & Associates grew its holdings in First Majestic Silver by 17.7% during the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock worth $3,349,000 after acquiring an additional 83,867 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors.
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.
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