First Majestic Silver (NYSE:AG) Shares Gap Down to $6.73

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) shares gapped down prior to trading on Monday . The stock had previously closed at $6.73, but opened at $6.27. First Majestic Silver shares last traded at $6.66, with a volume of 4,650,866 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AG. StockNews.com raised First Majestic Silver to a “sell” rating in a research note on Monday, February 26th. HC Wainwright increased their target price on First Majestic Silver from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Friday, April 19th.

First Majestic Silver Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. The company’s 50-day moving average is $5.80 and its two-hundred day moving average is $5.52.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The company had revenue of $136.95 million for the quarter. During the same quarter in the prior year, the business earned ($0.07) EPS. As a group, sell-side analysts expect that First Majestic Silver Corp. will post -0.01 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.0048 per share. 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 dividend yield of 0.28%. The ex-dividend date of this dividend was Wednesday, March 13th. First Majestic Silver’s dividend payout ratio (DPR) is presently -4.17%.

Institutional Investors Weigh In On First Majestic Silver

A number of institutional investors have recently added to or reduced their stakes in AG. CWM LLC raised its position in First Majestic Silver by 59.7% in the third quarter. CWM LLC now owns 5,433 shares of the mining company’s stock worth $28,000 after acquiring an additional 2,030 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of First Majestic Silver in the 4th quarter worth approximately $43,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in First Majestic Silver in the first quarter valued at approximately $48,000. Capstone Investment Advisors LLC bought a new position in First Majestic Silver during the fourth quarter valued at $69,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in First Majestic Silver in the third quarter worth $77,000. 27.16% of the stock is 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.