Q1 2022 EPS Estimates for First Majestic Silver Corp. (TSE:FR) Decreased by Cormark

First Majestic Silver Corp. (TSE:FRGet Rating) (NYSE:AG) – Analysts at Cormark cut their Q1 2022 earnings estimates for First Majestic Silver in a research report issued on Tuesday, April 19th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.10. Cormark also issued estimates for First Majestic Silver’s FY2022 earnings at $0.35 EPS.

First Majestic Silver (TSE:FRGet Rating) (NYSE:AG) last released its quarterly earnings data on Thursday, March 10th. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.06). The company had revenue of C$258.30 million during the quarter.

Several other research firms have also recently issued reports on FR. HC Wainwright reaffirmed a “buy” rating and issued a C$22.00 price objective on shares of First Majestic Silver in a research report on Tuesday. BMO Capital Markets lowered their price target on First Majestic Silver from C$13.00 to C$12.00 in a report on Tuesday. TD Securities cut First Majestic Silver from a “buy” rating to a “hold” rating and lowered their price target for the company from C$18.00 to C$15.00 in a report on Friday, March 11th. Finally, National Bankshares lowered their price target on First Majestic Silver from C$19.00 to C$18.50 in a report on Friday, January 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, First Majestic Silver presently has a consensus rating of “Hold” and an average target price of C$18.08.

FR stock opened at C$16.35 on Wednesday. The stock has a market capitalization of C$4.28 billion and a PE ratio of -654.00. First Majestic Silver has a 12-month low of C$11.87 and a 12-month high of C$22.73. The company has a current ratio of 2.30, a quick ratio of 1.84 and a debt-to-equity ratio of 15.67. The stock’s 50 day simple moving average is C$16.26 and its 200 day simple moving average is C$15.20.

In other First Majestic Silver news, insider Sprott Mining Inc. sold 1,000,000 shares of the stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of C$13.16, for a total value of C$13,155,500.00. Following the completion of the sale, the insider now owns 24,725,241 shares in the company, valued at approximately C$325,272,907.98. Also, Senior Officer Todd Olson Anthony purchased 2,821 shares of the business’s stock in a transaction on Thursday, January 20th. The stock was acquired at an average price of C$14.58 per share, with a total value of C$41,130.18. Following the purchase, the insider now directly owns 75,000 shares in the company, valued at approximately C$1,093,500. Insiders sold a total of 1,305,069 shares of company stock valued at $18,233,994 over the last 90 days.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Monday, March 21st were paid a $0.008 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.20%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, March 18th. First Majestic Silver’s dividend payout ratio is -61.60%.

About First Majestic Silver (Get Rating)

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

See Also

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

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