First Majestic Silver Corp. (NYSE:AG) Short Interest Up 16.4% in November

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

Institutional Trading of First Majestic Silver

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of First Majestic Silver by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock worth $61,456,000 after acquiring an additional 186,570 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in First Majestic Silver during the first quarter valued at about $62,000. Cetera Advisors LLC grew 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 last quarter. &PARTNERS purchased a new position in shares of First Majestic Silver in the second quarter worth about $661,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of First Majestic Silver by 11.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 203,260 shares of the mining company’s stock valued at $1,203,000 after acquiring an additional 20,270 shares during the last quarter. Institutional investors own 27.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th. HC Wainwright reissued a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a report on Friday, October 18th.

First Majestic Silver Stock Up 6.6 %

NYSE:AG traded up $0.39 during trading hours on Tuesday, hitting $6.34. 11,246,876 shares of the company’s stock traded hands, compared to its average volume of 8,427,574. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The business’s fifty day simple moving average is $6.66 and its two-hundred day simple moving average is $6.27. First Majestic Silver has a 52 week low of $4.17 and a 52 week high of $8.44.

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

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.0048 dividend. This is a boost 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 0.30%. The ex-dividend date was Friday, November 15th. First Majestic Silver’s dividend payout ratio is presently -7.41%.

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.