First Majestic Silver (TSE:FR) PT Lowered to C$12.00 at TD Securities

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) had its target price lowered by TD Securities from C$20.00 to C$12.00 in a research report released on Friday morning, BayStreet.CA reports. The firm currently has a hold rating on the mining company’s stock.

Other equities analysts have also issued reports about the company. HC Wainwright restated a buy rating and set a C$19.50 price target on shares of First Majestic Silver in a research report on Friday. BMO Capital Markets reduced their price target on First Majestic Silver from C$13.00 to C$12.00 in a research report on Tuesday, April 19th. Finally, National Bankshares raised their price target on First Majestic Silver from C$17.00 to C$18.00 in a research report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$16.83.

Shares of First Majestic Silver stock opened at C$10.55 on Friday. 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 firm has a market capitalization of C$2.76 billion and a PE ratio of -405.77. The business’s 50-day moving average price is C$15.57 and its 200-day moving average price is C$14.95. First Majestic Silver has a 12 month low of C$9.46 and a 12 month high of C$22.73.

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last posted its quarterly earnings results 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. As a group, analysts predict that First Majestic Silver will post 0.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Monday, March 21st were given a $0.008 dividend. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.01. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, March 18th. First Majestic Silver’s dividend payout ratio (DPR) is currently -59.23%.

In other news, Senior Officer Todd Olson Anthony bought 2,500 shares of the stock in a transaction dated Wednesday, April 20th. The stock was bought at an average price of C$15.95 per share, for a total transaction of C$39,875.00. Following the purchase, the insider now directly owns 32,500 shares in the company, valued at approximately C$518,375. Also, insider Sprott Mining Inc. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of C$17.07, for a total value of C$3,413,140.00. Following the completion of the transaction, the insider now owns 22,763,427 shares of the company’s stock, valued at approximately C$388,473,816.15. Over the last quarter, insiders bought 17,500 shares of company stock worth $209,375 and sold 305,069 shares worth $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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