Analysts Offer Predictions for First Majestic Silver Corp.’s Q3 2019 Earnings (NYSE:AG)

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First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Research analysts at Cormark issued their Q3 2019 EPS estimates for shares of First Majestic Silver in a research note issued on Thursday, August 8th. Cormark analyst R. Gray anticipates that the mining company will post earnings per share of $0.01 for the quarter. Cormark also issued estimates for First Majestic Silver’s Q4 2019 earnings at $0.01 EPS and FY2020 earnings at $0.09 EPS.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Wednesday, August 7th. The mining company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). First Majestic Silver had a negative net margin of 50.33% and a negative return on equity of 3.57%. The business had revenue of $83.67 million during the quarter, compared to analyst estimates of $87.77 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share.

AG has been the topic of a number of other reports. HC Wainwright set a $8.00 price objective on First Majestic Silver and gave the company a “buy” rating in a report on Wednesday, April 17th. Zacks Investment Research cut First Majestic Silver from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. TheStreet upgraded First Majestic Silver from a “d+” rating to a “c-” rating in a report on Thursday, July 18th. ValuEngine upgraded First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 17th. Finally, B. Riley set a $6.00 target price on First Majestic Silver and gave the company a “hold” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $7.69.

AG opened at $10.27 on Monday. First Majestic Silver has a one year low of $4.59 and a one year high of $11.11. The firm has a market capitalization of $2.08 billion, a PE ratio of -48.90 and a beta of 0.11. The firm has a 50 day simple moving average of $9.08. The company has a quick ratio of 2.66, a current ratio of 3.13 and a debt-to-equity ratio of 0.24.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in First Majestic Silver in the fourth quarter valued at approximately $2,346,000. Deutsche Bank AG raised its position in First Majestic Silver by 3,672.1% in the fourth quarter. Deutsche Bank AG now owns 980,638 shares of the mining company’s stock valued at $5,775,000 after purchasing an additional 954,641 shares during the period. Toronto Dominion Bank raised its position in First Majestic Silver by 64.8% in the first quarter. Toronto Dominion Bank now owns 146,122 shares of the mining company’s stock valued at $963,000 after purchasing an additional 57,451 shares during the period. Sigma Planning Corp raised its position in First Majestic Silver by 371.8% in the first quarter. Sigma Planning Corp now owns 164,460 shares of the mining company’s stock valued at $1,082,000 after purchasing an additional 129,605 shares during the period. Finally, Trexquant Investment LP raised its position in First Majestic Silver by 119.1% in the first quarter. Trexquant Investment LP now owns 170,094 shares of the mining company’s stock valued at $1,119,000 after purchasing an additional 92,469 shares during the period. 26.06% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for First Majestic Silver (NYSE:AG)

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