Research Analysts Offer Predictions for First Majestic Silver Corp.’s Q4 2019 Earnings (FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Investment analysts at Cormark issued their Q4 2019 earnings per share estimates for First Majestic Silver in a research note issued on Wednesday, April 17th. Cormark analyst R. Gray expects that the mining company will earn $0.01 per share for the quarter. Cormark also issued estimates for First Majestic Silver’s FY2020 earnings at $0.11 EPS.

Other analysts have also issued reports about the stock. BMO Capital Markets lowered shares of First Majestic Silver from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$8.50 to C$8.25 in a research report on Tuesday, January 15th. B. Riley reiterated a “neutral” rating and set a C$6.00 target price on shares of First Majestic Silver in a research report on Friday, March 1st. Finally, National Bank Financial lifted their target price on shares of First Majestic Silver from C$8.50 to C$9.50 and gave the company a “sector perform” rating in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$9.45.

Shares of First Majestic Silver stock opened at C$8.06 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.23 and a debt-to-equity ratio of 26.13. First Majestic Silver has a twelve month low of C$6.12 and a twelve month high of C$11.09. The stock has a market cap of $1.59 billion and a PE ratio of -7.25.

In other First Majestic Silver news, Senior Officer Raymond L. Polman sold 31,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$9.17, for a total value of C$286,562.50. Following the completion of the sale, the insider now owns 113,950 shares of the company’s stock, valued at C$1,044,921.50. Also, Director Robert A. Mccallum sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$9.35, for a total transaction of C$187,000.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately C$93,500.

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 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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Earnings History and Estimates for First Majestic Silver (TSE:FR)

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