First Majestic Silver Corp. (NYSE:AG) Short Interest Update

First Majestic Silver Corp. (NYSE:AGGet Free Report) (TSE:FR) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 18,230,000 shares, a growth of 5.9% from the December 31st total of 17,210,000 shares. Based on an average daily trading volume, of 6,470,000 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of First Majestic Silver

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of First Majestic Silver by 5,383.0% in the first quarter. JPMorgan Chase & Co. now owns 4,825 shares of the mining company’s stock worth $63,000 after acquiring an additional 4,737 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in First Majestic Silver by 52.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 46,051 shares of the mining company’s stock worth $606,000 after purchasing an additional 15,787 shares during the last quarter. Citigroup Inc. purchased a new stake in shares of First Majestic Silver during the first quarter worth $87,000. Dimensional Fund Advisors LP raised its position in shares of First Majestic Silver by 127.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,322,713 shares of the mining company’s stock valued at $17,408,000 after buying an additional 740,867 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of First Majestic Silver in the first quarter worth about $142,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analyst Ratings Changes

AG has been the topic of a number of recent research reports. HC Wainwright lowered their target price on First Majestic Silver from $12.00 to $6.75 and set a “buy” rating on the stock in a research note on Friday, January 19th. StockNews.com raised shares of First Majestic Silver to a “sell” rating in a research note on Friday, January 5th.

Check Out Our Latest Report on AG

First Majestic Silver Price Performance

Shares of First Majestic Silver stock opened at $4.65 on Wednesday. The firm has a market cap of $1.34 billion, a PE ratio of -8.02 and a beta of 1.41. First Majestic Silver has a twelve month low of $4.38 and a twelve month high of $8.39. The company has a quick ratio of 2.37, a current ratio of 2.97 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $5.66 and a 200 day moving average price of $5.64.

First Majestic Silver (NYSE:AGGet Free Report) (TSE:FR) last posted its quarterly earnings data on Thursday, November 2nd. The mining company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). First Majestic Silver had a negative net margin of 27.72% and a negative return on equity of 2.55%. The business had revenue of $133.21 million during the quarter. Sell-side analysts predict that First Majestic Silver will post 0.03 earnings per share for the current fiscal year.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.0046 per share. This represents a $0.02 annualized dividend and a yield of 0.40%. The ex-dividend date was Tuesday, November 14th. First Majestic Silver’s payout ratio is -3.45%.

First Majestic Silver Company Profile

(Get Free Report)

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 that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.

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