First Majestic Silver (TSE:FR) (NYSE:AG) had its price target cut by National Bank Financial from C$9.50 to C$9.25 in a research report released on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock. National Bank Financial also issued estimates for First Majestic Silver’s FY2019 earnings at ($0.07) EPS and FY2021 earnings at $0.24 EPS.

Other equities research analysts have also recently issued research reports about the company. Cormark reduced their price objective on First Majestic Silver from C$11.50 to C$11.00 in a research note on Wednesday, April 17th. BMO Capital Markets reiterated a market perform rating and issued a C$8.25 price objective on shares of First Majestic Silver in a research note on Tuesday, April 2nd. Finally, B. Riley restated a neutral rating and set a C$6.00 price target on shares of First Majestic Silver in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of C$9.40.

Shares of TSE FR opened at C$7.62 on Tuesday. The company has a debt-to-equity ratio of 25.16, a current ratio of 3.25 and a quick ratio of 2.70. First Majestic Silver has a twelve month low of C$6.12 and a twelve month high of C$11.09. The company has a market capitalization of $1.51 billion and a price-to-earnings ratio of -7.40.

First Majestic Silver (TSE:FR) (NYSE:AG) last issued its quarterly earnings data on Monday, February 25th. The mining company reported C($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.06) by C($0.01). The business had revenue of C$97.98 million during the quarter, compared to the consensus estimate of C$123.69 million. As a group, sell-side analysts anticipate that First Majestic Silver will post 0.0699999972903227 earnings per share for the current year.

In other news, Senior Officer Todd Olson Anthony sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$7.91, for a total transaction of C$79,100.00. Following the completion of the sale, the insider now owns 25,000 shares in the company, valued at C$197,750. Also, Director Robert A. Mccallum sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$9.35, for a total value of C$187,000.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately C$93,500. Insiders have sold 61,250 shares of company stock valued at $552,663 in the last 90 days.

About First Majestic Silver

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 San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.

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