Shares of First Majestic Silver Corp (NYSE:AG) (TSE:FR) have received a consensus recommendation of “Hold” from the nine research firms that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.25.
A number of equities research analysts recently commented on the company. TheStreet upgraded First Majestic Silver Corp from a “d+” rating to a “c-” rating in a research report on Monday, February 6th. Zacks Investment Research lowered First Majestic Silver Corp from a “hold” rating to a “sell” rating in a research report on Friday, January 20th. Finally, Raymond James Financial, Inc. lowered First Majestic Silver Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, February 15th.
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Shares of First Majestic Silver Corp (NYSE:AG) opened at 7.97 on Thursday. The company has a market cap of $1.31 billion, a PE ratio of 159.40 and a beta of 0.41. First Majestic Silver Corp has a 1-year low of $6.04 and a 1-year high of $19.15. The firm’s 50-day moving average is $9.15 and its 200-day moving average is $9.20.
First Majestic Silver Corp (NYSE:AG) last posted its quarterly earnings data on Wednesday, February 22nd. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. First Majestic Silver Corp had a negative net margin of 34.63% and a positive return on equity of 3.08%. The company had revenue of $66.20 million for the quarter, compared to analyst estimates of $78.33 million. During the same quarter last year, the company earned ($0.02) EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that First Majestic Silver Corp will post $0.10 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Arbor Wealth Management LLC purchased a new stake in shares of First Majestic Silver Corp during the fourth quarter worth approximately $10,370,000. Stevens Capital Management LP purchased a new stake in shares of First Majestic Silver Corp during the third quarter worth approximately $120,000. Geneva Advisors LLC raised its stake in shares of First Majestic Silver Corp by 2.5% in the third quarter. Geneva Advisors LLC now owns 12,300 shares of the mining company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of First Majestic Silver Corp during the third quarter worth approximately $131,000. Finally, IFP Advisors Inc raised its stake in shares of First Majestic Silver Corp by 366.3% in the second quarter. IFP Advisors Inc now owns 13,568 shares of the mining company’s stock worth $184,000 after buying an additional 10,658 shares in the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.
First Majestic Silver Corp Company Profile
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.
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