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

First Majestic Silver (TSE:AG) issued its quarterly earnings data on Thursday. The company reported C$0.30 earnings per share (EPS) for the quarter, FiscalAI reports. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. The firm had revenue of C$590.33 million during the quarter.

First Majestic Silver Price Performance

AG opened at C$21.04 on Friday. First Majestic Silver has a 1 year low of C$10.69 and a 1 year high of C$43.69. The company has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 35.66 and a beta of 2.79. The firm’s fifty day moving average price is C$24.53 and its two-hundred day moving average price is C$28.71.

Analyst Ratings Changes

AG has been the subject of several research analyst reports. ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$36.00 to C$37.00 in a research note on Friday, July 10th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, First Majestic Silver presently has an average rating of “Buy” and an average price target of C$30.40.

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.