First Majestic Silver (TSE:AG) Issues Quarterly Earnings Results

First Majestic Silver (TSE:AG) posted its quarterly earnings results on Tuesday. The company reported C$0.43 earnings per share (EPS) for the quarter, FiscalAI reports. First Majestic Silver had a net margin of 13.14% and a return on equity of 6.49%. The company had revenue of C$662.71 million for the quarter.

First Majestic Silver Price Performance

First Majestic Silver stock opened at C$32.90 on Thursday. The firm’s 50 day simple moving average is C$29.96 and its 200-day simple moving average is C$26.88. First Majestic Silver has a fifty-two week low of C$7.67 and a fifty-two week high of C$43.69. The company has a market cap of C$16.24 billion, a P/E ratio of 96.76 and a beta of 2.85.

Analyst Ratings Changes

AG has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research report on Tuesday, March 24th. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Finally, TD Securities lifted their price objective on shares of First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, First Majestic Silver currently has an average rating of “Buy” and an average price target of C$33.40.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.