First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities researchers at Cormark increased their Q3 2019 EPS estimates for First Majestic Silver in a note issued to investors on Thursday, October 17th. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.07 per share for the quarter, up from their prior forecast of $0.01. Cormark also issued estimates for First Majestic Silver’s Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.06 EPS.

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

Several other equities research analysts also recently weighed in on AG. Zacks Investment Research raised shares of First Majestic Silver from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 8th. B. Riley upped their price objective on shares of First Majestic Silver from $5.95 to $8.20 and gave the stock a “neutral” rating in a report on Monday, September 9th. TheStreet raised shares of First Majestic Silver from a “d+” rating to a “c-” rating in a report on Thursday, July 18th. ValuEngine downgraded shares of First Majestic Silver from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th. Finally, HC Wainwright reissued a “buy” rating and issued a $11.50 price target on shares of First Majestic Silver in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $10.23.

AG stock opened at $9.89 on Monday. The company has a market capitalization of $2.07 billion, a P/E ratio of -47.10 and a beta of -0.03. The company has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $8.26. First Majestic Silver has a fifty-two week low of $4.59 and a fifty-two week high of $11.62. 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 modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First Majestic Silver by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,302 shares of the mining company’s stock worth $103,000 after buying an additional 1,646 shares during the period. Wedbush Securities Inc. raised its holdings in First Majestic Silver by 11.1% during the 3rd quarter. Wedbush Securities Inc. now owns 18,458 shares of the mining company’s stock worth $168,000 after buying an additional 1,850 shares during the period. CIBC Asset Management Inc raised its holdings in First Majestic Silver by 0.5% during the 2nd quarter. CIBC Asset Management Inc now owns 406,238 shares of the mining company’s stock worth $3,208,000 after buying an additional 2,003 shares during the period. UBS Asset Management Americas Inc. raised its holdings in First Majestic Silver by 3.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 71,277 shares of the mining company’s stock worth $564,000 after buying an additional 2,400 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in First Majestic Silver during the 1st quarter worth about $27,000. 27.21% of the stock is owned by institutional investors.

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 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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