First Majestic Silver (NYSE:AG) Shares Up 3.2% - Should You Buy?

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR's share price was up 3.2% on Thursday . The stock traded as high as $5.78 and last traded at $5.76. Approximately 987,329 shares were traded during trading, a decline of 88% from the average daily volume of 8,442,650 shares. The stock had previously closed at $5.58.

Analyst Ratings Changes

A number of research firms recently weighed in on AG. Cormark raised First Majestic Silver from a "hold" rating to a "moderate buy" rating in a report on Friday, September 6th. HC Wainwright restated a "buy" rating and issued a $8.50 price objective on shares of First Majestic Silver in a report on Friday, October 18th.

First Majestic Silver Price Performance

The company's fifty day simple moving average is $6.52 and its two-hundred day simple moving average is $6.14. The stock has a market capitalization of $1.71 billion, a PE ratio of -21.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 3.03.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.12). First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. The business had revenue of $146.09 million during the quarter. As a group, sell-side analysts predict that First Majestic Silver Corp. will post -0.17 EPS for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.0048 per share. This is an increase 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 0.34%. The ex-dividend date was Friday, November 15th. First Majestic Silver's dividend payout ratio is presently -3.70%.

Institutional Trading of First Majestic Silver

A number of large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in First Majestic Silver by 11.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 203,260 shares of the mining company's stock worth $1,203,000 after purchasing an additional 20,270 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in First Majestic Silver by 6.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,320 shares of the mining company's stock valued at $493,000 after buying an additional 4,797 shares in the last quarter. International Assets Investment Management LLC grew its position in First Majestic Silver by 39.5% during the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company's stock worth $83,000 after acquiring an additional 3,960 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of First Majestic Silver in the second quarter valued at $325,000. Finally, Capital Management Associates Inc lifted its position in shares of First Majestic Silver by 73.3% during the second quarter. Capital Management Associates Inc now owns 26,000 shares of the mining company's stock worth $154,000 after purchasing an additional 11,000 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.