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

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR was the target of some unusual options trading activity on Monday. Stock traders acquired 28,181 call options on the company. This is an increase of 52% compared to the average daily volume of 18,510 call options.

First Majestic Silver Stock Performance

First Majestic Silver stock traded down $0.19 during mid-day trading on Friday, reaching $6.52. The company's stock had a trading volume of 17,876,512 shares, compared to its average volume of 11,750,546. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -18.61 and a beta of 0.97. First Majestic Silver has a twelve month low of $4.43 and a twelve month high of $8.09. The business has a 50 day moving average price of $6.13 and a 200-day moving average price of $6.19. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $172.34 million during the quarter, compared to analyst estimates of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. Sell-side analysts predict that First Majestic Silver will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.0057 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 28th. First Majestic Silver's dividend payout ratio is presently -5.71%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. HC Wainwright reissued a "buy" rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday, February 21st. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. Scotiabank reiterated a "sector perform" rating and set a $6.00 price objective on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Finally, National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, First Majestic Silver currently has a consensus rating of "Hold" and an average price target of $8.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AG. Parallel Advisors LLC grew its position in shares of First Majestic Silver by 1,221.6% during the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after acquiring an additional 3,506 shares during the last quarter. Allworth Financial LP raised its holdings in shares of First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after buying an additional 4,591 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of First Majestic Silver during the fourth quarter worth approximately $55,000. Bank of Nova Scotia acquired a new stake in First Majestic Silver in the 4th quarter valued at approximately $57,000. Finally, Captrust Financial Advisors bought a new stake in First Majestic Silver during the 4th quarter valued at $58,000. 27.16% of the stock is currently owned by 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.