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

First Majestic Silver (TSE:AG) issued 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 return on equity of 6.49% and a net margin of 13.14%.The company had revenue of C$662.71 million during the quarter.

First Majestic Silver Stock Up 1.7%

Shares of TSE AG traded up C$0.56 during midday trading on Tuesday, reaching C$32.85. 295,409 shares of the company’s stock traded hands, compared to its average volume of 2,088,419. The company has a market cap of C$16.22 billion, a price-to-earnings ratio of 96.62 and a beta of 2.85. The stock’s 50 day simple moving average is C$30.38 and its 200-day simple moving average is C$26.67. First Majestic Silver has a one year low of C$7.67 and a one year high of C$43.69.

Wall Street Analysts Forecast Growth

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