Brokerages expect First Majestic Silver Corp. (NYSE:AG) (TSE:FR) to report $96.23 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Majestic Silver’s earnings, with the lowest sales estimate coming in at $81.41 million and the highest estimate coming in at $111.05 million. First Majestic Silver posted sales of $79.69 million in the same quarter last year, which suggests a positive year over year growth rate of 20.8%. The business is scheduled to report its next earnings report before the market opens on Wednesday, August 7th.

On average, analysts expect that First Majestic Silver will report full year sales of $374.26 million for the current fiscal year, with estimates ranging from $341.93 million to $439.00 million. For the next fiscal year, analysts expect that the business will post sales of $473.31 million, with estimates ranging from $392.90 million to $589.39 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for First Majestic Silver.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, May 9th. The mining company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The company had revenue of $86.80 million for the quarter, compared to the consensus estimate of $124.73 million. First Majestic Silver had a negative return on equity of 4.63% and a negative net margin of 59.46%. First Majestic Silver’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share.

AG has been the subject of several analyst reports. BMO Capital Markets reiterated a “hold” rating on shares of First Majestic Silver in a research note on Tuesday, April 2nd. TheStreet lowered Hostess Brands from a “b” rating to a “f” rating in a research note on Thursday. HC Wainwright set a $11.00 target price on Cerecor and gave the company a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.69.

In related news, major shareholder Vinita Lee Piper purchased 22,055 shares of the stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of $5.93 per share, with a total value of $130,786.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.85% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB bought a new position in First Majestic Silver in the 1st quarter valued at about $27,000. IHT Wealth Management LLC bought a new position in First Majestic Silver in the 4th quarter valued at about $70,000. QCM Cayman Ltd. bought a new position in First Majestic Silver in the 1st quarter valued at about $168,000. Teza Capital Management LLC bought a new position in First Majestic Silver in the 1st quarter valued at about $192,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of First Majestic Silver by 12.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,059 shares of the mining company’s stock worth $265,000 after purchasing an additional 5,038 shares during the period. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver stock traded down $0.02 during trading on Friday, hitting $9.90. The company’s stock had a trading volume of 9,733,298 shares, compared to its average volume of 4,655,598. The stock has a market capitalization of $2.00 billion, a PE ratio of -47.14 and a beta of 0.10. The stock has a fifty day moving average price of $7.37. First Majestic Silver has a 1-year low of $4.59 and a 1-year high of $10.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.24 and a quick ratio of 2.78.

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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