First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 27,373 call options on the stock. This is an increase of approximately 100% compared to the average volume of 13,664 call options.
First Majestic Silver Stock Up 8.3 %
AG opened at $5.83 on Thursday. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $5.65 and its 200 day simple moving average is $6.03. First Majestic Silver has a 52 week low of $4.43 and a 52 week high of $8.44. The stock has a market cap of $1.82 billion, a PE ratio of -16.64 and a beta of 1.24.
First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $172.34 million for the quarter, compared to analysts’ expectations of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. As a group, research analysts expect that First Majestic Silver will post 0.54 earnings per share for the current fiscal year.
First Majestic Silver Increases Dividend
Institutional Investors Weigh In On First Majestic Silver
A number of institutional investors have recently made changes to their positions in AG. Tidal Investments LLC lifted its stake in First Majestic Silver by 135.2% in the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company’s stock worth $74,647,000 after purchasing an additional 7,816,177 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of First Majestic Silver by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company’s stock valued at $62,784,000 after acquiring an additional 598,996 shares during the last quarter. Two Sigma Investments LP boosted its holdings in First Majestic Silver by 46.8% during the 4th quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company’s stock valued at $24,463,000 after acquiring an additional 1,420,937 shares during the period. Renaissance Technologies LLC grew its position in First Majestic Silver by 897.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company’s stock worth $20,638,000 after acquiring an additional 3,382,443 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in First Majestic Silver by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company’s stock worth $19,060,000 after acquiring an additional 121,892 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Scotiabank reduced their target price on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. StockNews.com raised First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st.
Get Our Latest Stock Report on First Majestic Silver
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.
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