First Majestic Silver (TSE:FR) PT Lowered to C$10.50

First Majestic Silver (TSE:FRGet Rating) (NYSE:AG) had its price target lowered by BMO Capital Markets from C$12.00 to C$10.50 in a research note released on Friday, BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. TD Securities decreased their price target on shares of First Majestic Silver from C$20.00 to C$12.00 and set a hold rating for the company in a research report on Friday. HC Wainwright reaffirmed a buy rating and issued a C$19.50 target price on shares of First Majestic Silver in a research report on Friday. Finally, National Bankshares raised their target price on First Majestic Silver from C$17.00 to C$18.00 in a report on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of C$16.83.

TSE:FR opened at C$10.55 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.30 and a debt-to-equity ratio of 15.67. The company has a market cap of C$2.76 billion and a P/E ratio of -405.77. First Majestic Silver has a fifty-two week low of C$9.46 and a fifty-two week high of C$22.73. The firm’s 50 day moving average is C$15.57 and its two-hundred day moving average is C$14.95.

First Majestic Silver (TSE:FRGet Rating) (NYSE:AG) last posted its quarterly earnings results on Thursday, March 10th. The mining company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.06). The business had revenue of C$258.30 million for the quarter. Research analysts forecast that First Majestic Silver will post 0.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Monday, March 21st were paid a $0.008 dividend. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, March 18th. This represents a $0.03 annualized dividend and a dividend yield of 0.30%. First Majestic Silver’s payout ratio is -59.23%.

In other news, Senior Officer Jose Luis Figueroa sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of C$14.50, for a total transaction of C$362,550.00. Following the completion of the sale, the insider now owns -25,000 shares of the company’s stock, valued at C($362,550). Also, Senior Officer Todd Olson Anthony purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were bought at an average cost of C$15.95 per share, with a total value of C$39,875.00. Following the transaction, the insider now directly owns 32,500 shares of the company’s stock, valued at approximately C$518,375. In the last 90 days, insiders have acquired 17,500 shares of company stock valued at $209,375 and have sold 305,069 shares valued at $5,078,494.

First Majestic Silver Company Profile (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.

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