Investors Purchase Large Volume of First Majestic Silver Call Options (NYSE:AG)

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) saw some unusual options trading on Monday. Investors acquired 39,607 call options on the stock. This represents an increase of approximately 81% compared to the typical volume of 21,895 call options.

First Majestic Silver Price Performance

Shares of NYSE AG opened at $7.05 on Wednesday. First Majestic Silver has a twelve month low of $4.43 and a twelve month high of $8.06. The company has a market cap of $3.41 billion, a PE ratio of -20.13 and a beta of 0.81. The business’s 50 day moving average price is $6.12 and its two-hundred day moving average price is $6.01. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The business had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same quarter last year, the company posted ($0.05) EPS. The firm’s revenue was up 41.6% on a year-over-year basis. On average, analysts predict that First Majestic Silver will post 0.54 EPS for the current year.

First Majestic Silver Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.0045 per share. This represents a dividend yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver’s dividend payout ratio is presently -3.45%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and set a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright upped their price objective on First Majestic Silver from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Friday, May 9th. TD Securities raised First Majestic Silver to a “hold” rating in a report on Monday, March 10th. National Bankshares restated a “sector perform” rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.75.

Institutional Trading of First Majestic Silver

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in First Majestic Silver by 1,221.6% in the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company’s stock valued at $25,000 after purchasing an additional 3,506 shares during the period. AlphaQuest LLC acquired a new stake in shares of First Majestic Silver during the first quarter worth $29,000. Allworth Financial LP lifted 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 worth $29,000 after buying an additional 4,591 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of First Majestic Silver in the first quarter valued at about $46,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of First Majestic Silver in the fourth quarter valued at about $55,000. Institutional investors own 27.16% of the company’s stock.

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.