Wall Street analysts expect First Majestic Silver Corp. (NYSE:AG) (TSE:FR) to announce $107.41 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Majestic Silver’s earnings, with the lowest sales estimate coming in at $95.35 million and the highest estimate coming in at $119.46 million. First Majestic Silver posted sales of $74.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 45%. The firm is expected to issue its next earnings results on Monday, February 24th.

On average, analysts expect that First Majestic Silver will report full-year sales of $379.63 million for the current financial year, with estimates ranging from $352.60 million to $416.60 million. For the next year, analysts forecast that the business will report sales of $551.38 million, with estimates ranging from $496.91 million to $639.22 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for First Majestic Silver.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, November 7th. The mining company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). First Majestic Silver had a negative return on equity of 0.81% and a negative net margin of 48.30%. The company had revenue of $97.00 million during the quarter, compared to analyst estimates of $134.54 million. During the same period last year, the firm earned ($0.03) earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year.

A number of equities analysts have recently weighed in on AG shares. HC Wainwright reissued a “buy” rating and issued a $11.50 price target on shares of First Majestic Silver in a report on Friday, November 8th. ValuEngine cut First Majestic Silver from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th. B. Riley boosted their price target on First Majestic Silver from $5.95 to $8.20 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Zacks Investment Research upgraded First Majestic Silver from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $10.23.

Shares of NYSE AG traded up $0.15 during trading on Wednesday, reaching $10.91. The company had a trading volume of 3,117,700 shares, compared to its average volume of 3,908,223. First Majestic Silver has a twelve month low of $4.80 and a twelve month high of $11.62. The stock has a market capitalization of $2.19 billion, a PE ratio of -51.95 and a beta of 0.13. The stock has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $9.07. The company has a current ratio of 3.69, a quick ratio of 3.14 and a debt-to-equity ratio of 0.24.

A number of institutional investors have recently added to or reduced their stakes in AG. Creative Planning increased its stake in First Majestic Silver by 4.4% during the third quarter. Creative Planning now owns 30,777 shares of the mining company’s stock worth $280,000 after acquiring an additional 1,295 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in First Majestic Silver by 17.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,302 shares of the mining company’s stock worth $103,000 after acquiring an additional 1,646 shares during the last quarter. Wedbush Securities Inc. increased its stake in First Majestic Silver by 11.1% during the third quarter. Wedbush Securities Inc. now owns 18,458 shares of the mining company’s stock worth $168,000 after acquiring an additional 1,850 shares during the last quarter. CIBC Asset Management Inc increased its stake in First Majestic Silver by 0.5% during the second quarter. CIBC Asset Management Inc now owns 406,238 shares of the mining company’s stock worth $3,208,000 after acquiring an additional 2,003 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in First Majestic Silver by 3.5% during the second quarter. UBS Asset Management Americas Inc. now owns 71,277 shares of the mining company’s stock worth $564,000 after acquiring an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 30.26% of the company’s stock.

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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