First Majestic Silver Corp. (TSE:FR) Receives Consensus Hold Rating From Brokers
First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) has received a consensus rating of “Hold” from the six brokers currently covering the stock, reports MarketBeat.com. Three equity analysts have given the stock a hold rating and one has given the company a buy rating. The average 1-year target price among analysts who have covered the stock over the last year is $14.29.
Several research companies have commented on FR. National Bankshares lowered its price target on First Majestic Silver shares to $11.75 from $18.00 and issued a research note on Thursday, July 21, ranked the company as “Sector Perform”. TD Securities lowered its price target on First Majestic Silver to $12.00 from $20.00 and rated the stock as “hold” in a research report on Friday, May 13. Cormark raised its price target on shares of First Majestic Silver to $14.25 from $12.50 in a research note on Friday, August 5. HC Wainwright reiterated a buy rating and price target of $19.50 on shares of First Majestic Silver in a research note on Friday, May 13th. Finally, BMO Capital Markets increased its price target on shares of First Majestic Silver from C$9.50 to C$10.25 in a report on Friday, August 5th.
First Majestic Silver Stock Performance
First Majestic Silver shares opened at $9.62 on Friday. The stock has a market cap of CA$2.53 billion and a price-to-earnings ratio of 3,206.67. First Majestic Silver has a 1 year low of $8.12 and a 1 year high of $18.41. The company has a debt to equity ratio of 16.56, a current ratio of 2.47 and a quick ratio of 1.25. The company has a 50-day simple moving average of $9.65 and a 200-day simple moving average of $12.48.
First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last released its quarterly results on Thursday, August 4th. The mining company reported earnings per share of CA$0.03 for the quarter, missing analyst consensus estimates of CA$0.07 by CA$0.04 ($0.04). The company had revenue of CA$203.51 million for the quarter. On average, analysts expect First Majestic Silver to report 0.42 EPS for the year to date.
First announcement of the Majestic Silver dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record were paid a dividend of $0.008 on Tuesday, August 16th. That equates to an annualized dividend of $0.03 and a yield of 0.33%. The ex-dividend date was Monday 15th August. First Majestic Silver’s RTP is currently 826.67%.
Insider buying and selling at First Majestic Silver
In other news from First Majestic Silver, Senior Officer Todd Olson Anthony bought 5,000 shares of the company’s stock in one transaction on Thursday, August 25. The shares were purchased at an average price of $10.40 per share for a total transaction of $52,000.00. Following the acquisition, the insider now owns 180,000 shares of the company’s stock valued at approximately $1,872,000. Over the past 90 days, insiders have bought 30,745 shares of the company’s shares, valued at $291,133.
About First Majestic Silver
First Majestic Silver Corp. is engaged in the acquisition, exploration, development and production of mineral properties focused on silver and gold production in North America. It holds 100% interest in the 71,868 hectare San Dimas silver/gold mine located in Durango and Sinaloa states; the 102,244 hectare Santa Elena silver/gold mine in Sonora; Jerritt Canyon Gold Mine, covering approximately 30,821 hectares in Elko County, Nevada; and the La Encantada Silver Mine covering 4,076 hectares in Coahuila and 1,343 hectares of surface land holdings.
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