First Majestic Silver (NYSE:AG) (TSE:FR) will post its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect First Majestic Silver to post earnings of $0.02 per share for the quarter.
First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, May 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $86.80 million for the quarter, compared to analysts’ expectations of $124.73 million. First Majestic Silver had a negative return on equity of 4.63% and a negative net margin of 59.46%. The firm’s revenue was up 48.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) earnings per share. On average, analysts expect First Majestic Silver to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NYSE AG opened at $10.02 on Tuesday. The company has a market capitalization of $1.93 billion, a PE ratio of -47.71 and a beta of 0.10. First Majestic Silver has a 1 year low of $4.59 and a 1 year high of $10.40. The firm has a fifty day moving average of $8.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.24 and a quick ratio of 2.78.
In related news, major shareholder Vinita Lee Piper purchased 22,055 shares of the stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $5.93 per share, for a total transaction of $130,786.15. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.85% of the company’s stock.
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 production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.
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