First Majestic Silver (NYSE:AG) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

First Majestic Silver (NYSE:AG) (TSE:FR) released its quarterly earnings data on Thursday. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02), Zacks reports. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%.

First Majestic Silver Stock Up 7.4 %

NYSE AG opened at $5.77 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. First Majestic Silver has a 12-month low of $4.28 and a 12-month high of $8.44. The firm’s 50 day moving average is $5.68 and its 200-day moving average is $6.01.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AG. Scotiabank cut their price target on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research note on Friday, January 10th.

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 and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.