First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Analysts at Cormark upped their Q3 2019 EPS estimates for First Majestic Silver in a research note issued on Thursday, October 17th. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.07 per share for the quarter, up from their previous estimate of $0.01. Cormark also issued estimates for First Majestic Silver’s Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.06 EPS.
Several other analysts have also recently commented on AG. ValuEngine cut shares of First Majestic Silver from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of First Majestic Silver in a research note on Wednesday, October 16th. B. Riley raised their target price on shares of First Majestic Silver from $5.95 to $8.20 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Zacks Investment Research upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, October 8th. Finally, TheStreet upgraded shares of First Majestic Silver from a “d+” rating to a “c-” rating in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.23.
AG stock opened at $9.89 on Monday. First Majestic Silver has a one year low of $4.59 and a one year high of $11.62. The stock has a market capitalization of $2.07 billion, a PE ratio of -47.10 and a beta of -0.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.66 and a current ratio of 3.13. The company has a fifty day moving average of $9.86 and a 200-day moving average of $8.26.
First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Wednesday, August 7th. The mining company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). First Majestic Silver had a negative return on equity of 3.57% and a negative net margin of 50.33%. The firm had revenue of $83.67 million during the quarter, compared to analyst estimates of $87.77 million. During the same quarter last year, the business posted ($0.07) EPS.
Several institutional investors and hedge funds have recently made changes to their positions in AG. Nordea Investment Management AB purchased a new position in First Majestic Silver during the 1st quarter valued at about $27,000. Resources Investment Advisors LLC. increased its holdings in First Majestic Silver by 281.3% during the 2nd quarter. Resources Investment Advisors LLC. now owns 6,100 shares of the mining company’s stock valued at $48,000 after acquiring an additional 4,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in First Majestic Silver by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,302 shares of the mining company’s stock valued at $103,000 after acquiring an additional 1,646 shares in the last quarter. Paloma Partners Management Co purchased a new position in First Majestic Silver during the 2nd quarter valued at about $96,000. Finally, CoreCommodity Management LLC purchased a new position in First Majestic Silver during the 2nd quarter valued at about $96,000. Institutional investors and hedge funds own 27.21% of the company’s stock.
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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