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

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 36,470,000 shares, an increase of 16.4% from the October 31st total of 31,320,000 shares. Based on an average daily volume of 10,640,000 shares, the days-to-cover ratio is presently 3.4 days.

First Majestic Silver Stock Down 0.5 %

Shares of NYSE:AG traded down $0.03 during trading on Friday, reaching $6.11. The company’s stock had a trading volume of 5,139,285 shares, compared to its average volume of 9,963,826. First Majestic Silver has a 12 month low of $4.17 and a 12 month high of $8.44. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $6.29.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. The firm had revenue of $146.09 million for the quarter. Sell-side analysts expect that First Majestic Silver will post -0.17 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.0048 dividend. This represents a $0.02 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio is -7.41%.

Analysts Set New Price Targets

A number of analysts have commented on the company. HC Wainwright restated a “buy” rating and issued a $8.50 price target on shares of First Majestic Silver in a research report on Friday, October 18th. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Friday, September 6th.

Institutional Trading of First Majestic Silver

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in First Majestic Silver by 1.8% in the first quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock worth $61,456,000 after purchasing an additional 186,570 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of First Majestic Silver during the 1st quarter worth $62,000. Cetera Advisors LLC increased its stake in shares of First Majestic Silver by 3.1% during the first quarter. Cetera Advisors LLC now owns 53,577 shares of the mining company’s stock valued at $315,000 after buying an additional 1,601 shares during the period. &PARTNERS bought a new stake in shares of First Majestic Silver in the second quarter valued at about $661,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake 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 acquiring an additional 20,270 shares during the period. 27.16% of the stock is owned by hedge funds and other 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.