First Majestic Silver Corp. (NYSE:AG) Given Consensus Recommendation of “Hold” by Brokerages

First Majestic Silver Corp. (NYSE:AGGet Rating) (TSE:FR) has received an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $15.63.

A number of research analysts have weighed in on AG shares. BMO Capital Markets reduced their price target on shares of First Majestic Silver from C$12.00 to C$10.50 in a research report on Friday, May 13th. HC Wainwright restated a “buy” rating and issued a $22.00 price target on shares of First Majestic Silver in a report on Tuesday, April 19th. National Bank Financial lifted their price objective on shares of First Majestic Silver from C$17.00 to C$18.00 in a research note on Wednesday, April 20th. TheStreet downgraded shares of First Majestic Silver from a “c” rating to a “d+” rating in a research note on Friday, April 22nd. Finally, StockNews.com initiated coverage on shares of First Majestic Silver in a research note on Thursday, March 31st. They set a “sell” rating on the stock.

Shares of AG opened at $6.86 on Wednesday. First Majestic Silver has a fifty-two week low of $6.55 and a fifty-two week high of $16.00. The stock has a fifty day moving average of $8.44 and a two-hundred day moving average of $10.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.82 and a current ratio of 2.24. The company has a market capitalization of $1.80 billion, a PE ratio of -686,000.00 and a beta of 1.03.

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) last posted its quarterly earnings data on Thursday, May 12th. The mining company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The company had revenue of $156.84 million for the quarter. First Majestic Silver had a net margin of 0.08% and a negative return on equity of 0.53%. As a group, equities research analysts forecast that First Majestic Silver will post 0.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Wednesday, May 25th were paid a $0.006 dividend. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $0.02 annualized dividend and a yield of 0.35%. First Majestic Silver’s dividend payout ratio is presently -200,000.00%.

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in First Majestic Silver by 130.4% during the first quarter. Bank of America Corp DE now owns 59,100 shares of the mining company’s stock worth $778,000 after acquiring an additional 33,454 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in First Majestic Silver by 5.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,428,533 shares of the mining company’s stock valued at $58,253,000 after acquiring an additional 226,189 shares during the period. Neuberger Berman Group LLC acquired a new position in First Majestic Silver in the first quarter worth about $149,000. Dynamic Technology Lab Private Ltd acquired a new stake in First Majestic Silver during the first quarter valued at approximately $253,000. Finally, Guggenheim Capital LLC grew its stake in shares of First Majestic Silver by 6.5% in the 1st quarter. Guggenheim Capital LLC now owns 160,526 shares of the mining company’s stock valued at $2,113,000 after purchasing an additional 9,761 shares during the period. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Company Profile (Get Rating)

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

Further Reading

Analyst Recommendations for First Majestic Silver (NYSE:AG)

Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.