BMO Capital Markets Trims First Majestic Silver (NYSE:AG) Target Price to C$10.50

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) had its price objective decreased by BMO Capital Markets from C$12.00 to C$10.50 in a research note released on Friday morning, The Fly reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised First Majestic Silver from a strong sell rating to a hold rating in a report on Tuesday, March 22nd. HC Wainwright reaffirmed a buy rating and set a $22.00 price objective on shares of First Majestic Silver in a report on Tuesday, April 19th. initiated coverage on First Majestic Silver in a report on Thursday, March 31st. They issued a sell rating for the company. TD Securities cut their price target on First Majestic Silver from C$20.00 to C$12.00 in a report on Friday. Finally, TheStreet cut First Majestic Silver from a c rating to a d+ rating in a report on Friday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from, the company has a consensus rating of Hold and a consensus price target of $15.63.

Shares of AG traded up $0.74 during mid-day trading on Friday, hitting $8.17. The company’s stock had a trading volume of 7,827,947 shares, compared to its average volume of 6,202,900. The company has a current ratio of 2.30, a quick ratio of 1.95 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $12.30 and a 200 day simple moving average of $11.80. The firm has a market capitalization of $2.14 billion, a P/E ratio of -817,000.00 and a beta of 1.01. First Majestic Silver has a 1-year low of $7.24 and a 1-year high of $18.93.

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) last issued its quarterly earnings data on Thursday, March 10th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $204.90 million for the quarter, compared to analyst estimates of $263.74 million. First Majestic Silver had a positive return on equity of 0.45% and a negative net margin of 0.84%. The business’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. As a group, sell-side analysts predict that First Majestic Silver will post 0.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 25th will be issued a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Tuesday, May 24th. First Majestic Silver’s dividend payout ratio (DPR) is presently -300,000.00%.

Several large investors have recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in First Majestic Silver by 50.3% in the 1st quarter. Mackenzie Financial Corp now owns 362,626 shares of the mining company’s stock valued at $4,773,000 after acquiring an additional 121,321 shares during the period. NewEdge Advisors LLC bought a new stake in shares of First Majestic Silver during the 1st quarter worth $255,000. Vanguard Group Inc. boosted its position in shares of First Majestic Silver by 2.9% in the first quarter. Vanguard Group Inc. now owns 7,268,464 shares of the mining company’s stock worth $95,654,000 after buying an additional 205,369 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of First Majestic Silver in the first quarter worth $142,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Majestic Silver by 127.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,322,713 shares of the mining company’s stock worth $17,408,000 after buying an additional 740,867 shares during the period. 39.65% of the stock is owned by institutional investors.

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; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; 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

The Fly logo

Analyst Recommendations for First Majestic Silver (NYSE:AG)

Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with's FREE daily email newsletter.