First Majestic Silver Corp (NYSE:AG) (TSE:FR) – Analysts at Cormark raised their FY2019 earnings per share (EPS) estimates for First Majestic Silver in a research report issued to clients and investors on Friday, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $0.07 for the year, up from their previous forecast of $0.06.
First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Wednesday, February 28th. The mining company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). First Majestic Silver had a negative net margin of 21.12% and a negative return on equity of 1.00%. The business had revenue of $61.17 million during the quarter, compared to analysts’ expectations of $65.00 million.
AG has been the topic of a number of other research reports. Zacks Investment Research downgraded First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 25th. BMO Capital Markets downgraded First Majestic Silver from a “market perform” rating to an “underperform” rating in a report on Friday, December 22nd. HC Wainwright reiterated a “buy” rating and issued a $12.00 price objective on shares of First Majestic Silver in a report on Friday, March 2nd. ValuEngine downgraded First Majestic Silver from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, National Bank Financial downgraded First Majestic Silver from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.83.
First Majestic Silver (AG) traded down $0.09 during trading hours on Monday, reaching $5.97. The company’s stock had a trading volume of 1,581,607 shares, compared to its average volume of 4,163,207. First Majestic Silver has a 12 month low of $4.93 and a 12 month high of $9.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.14 and a quick ratio of 2.79. The stock has a market capitalization of $1,000.00, a P/E ratio of -18.78 and a beta of 0.32.
Hedge funds have recently bought and sold shares of the stock. ING Groep NV raised its holdings in shares of First Majestic Silver by 60.1% in the 3rd quarter. ING Groep NV now owns 26,420 shares of the mining company’s stock valued at $181,000 after buying an additional 9,920 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of First Majestic Silver by 170.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,852 shares of the mining company’s stock valued at $215,000 after buying an additional 20,064 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of First Majestic Silver in the 4th quarter valued at $215,000. Royal Bank of Canada raised its holdings in shares of First Majestic Silver by 17.6% in the 2nd quarter. Royal Bank of Canada now owns 41,810 shares of the mining company’s stock valued at $347,000 after buying an additional 6,261 shares during the period. Finally, Cypress Wealth Services LLC purchased a new stake in shares of First Majestic Silver in the 4th quarter valued at $294,000. Hedge funds and other institutional investors own 29.58% of the company’s stock.
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First Majestic Silver Company Profile
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.
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