First Majestic Silver Corp. (TSE:AG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of First Majestic Silver Corp. (TSE:AG) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$30.40.

Separately, ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$36.00 to C$37.00 in a research report on Friday, July 10th.

First Majestic Silver Stock Up 3.3%

TSE AG opened at C$30.11 on Friday. The company has a market capitalization of C$14.84 billion, a price-to-earnings ratio of 43.01 and a beta of 2.75. First Majestic Silver has a twelve month low of C$12.22 and a twelve month high of C$43.69. The stock has a fifty day simple moving average of C$24.71 and a 200 day simple moving average of C$28.15.

First Majestic Silver (TSE:AG) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.30 EPS for the quarter. The firm had revenue of C$590.33 million for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%. Research analysts expect that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be issued a $0.0152 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.06 annualized dividend and a yield of 0.2%. First Majestic Silver’s dividend payout ratio is presently 5.06%.

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.