News coverage about First Majestic Silver (NYSE:AG) (TSE:FR) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Majestic Silver earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave headlines about the mining company an impact score of 45.5162384013953 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- First Majestic Silver (AG) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Scotiabank Increases First Majestic Silver (AG) Price Target to $8.75 (americanbankingnews.com)
- Wavering Three Stocks: First Majestic Silver Corp. (NYSE:AG), RXi Pharmaceuticals Corporation (NASDAQ:RXII), Leju … (thestreetpoint.com)
- Bay Street Advances as Wall Street Slips (investingnews.com)
- Sharp Needle Moving Action Spotted in First Majestic Silver (AG)’s Volume (parkcitycaller.com)
First Majestic Silver opened at $7.09 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.15 and a current ratio of 4.41. The company has a market cap of $1.18 billion, a P/E ratio of -177.25 and a beta of 0.24. First Majestic Silver has a 1-year low of $4.93 and a 1-year high of $9.24.
First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Wednesday, May 9th. The mining company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). The firm had revenue of $58.59 million for the quarter, compared to the consensus estimate of $63.79 million. First Majestic Silver had a negative return on equity of 3.27% and a negative net margin of 25.47%. research analysts expect that First Majestic Silver will post 0.04 EPS for the current year.
First Majestic Silver announced that its board has authorized a share buyback program on Monday, March 19th that permits the company to buyback 8,290,000 outstanding shares. This buyback authorization permits the mining company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
AG has been the topic of a number of recent research reports. ValuEngine upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. BMO Capital Markets upgraded shares of First Majestic Silver from an “underperform” rating to a “market perform” rating in a research note on Monday, May 14th. National Bank Financial cut shares of First Majestic Silver from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of First Majestic Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, TheStreet cut shares of First Majestic Silver from a “c-” rating to a “d” rating in a research note on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.38.
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 production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.
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