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

First Majestic Silver Corp. (TSE:FR – Get 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:FR – Get 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.

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