First Majestic Silver Corp. (TSE:AG) Receives C$30.40 Average PT from Analysts

Shares of First Majestic Silver Corp. (TSE:AG) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$30.40.

Separately, ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$36.00 to C$37.00 in a research report on Friday, July 10th.

First Majestic Silver Trading Up 0.7%

AG opened at C$29.53 on Friday. First Majestic Silver has a 1-year low of C$12.51 and a 1-year high of C$43.69. The company has a market cap of C$14.56 billion, a P/E ratio of 42.19 and a beta of 2.94. The company has a fifty day moving average price of C$25.19 and a two-hundred day moving average price of C$28.06.

First Majestic Silver (TSE:AG) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$590.33 million for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. On average, research analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 31st were paid a $0.0152 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 14th. First Majestic Silver’s dividend payout ratio (DPR) is 5.06%.

First Majestic Silver Company Profile

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.