Q2 2022 EPS Estimates for First Majestic Silver Corp. Raised by Cormark (TSE:FR)

First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) – Research analysts at Cormark raised their Q2 2022 EPS estimates for shares of First Majestic Silver in a research report issued to clients and investors on Friday, May 13th. Cormark analyst R. Gray now expects that the mining company will earn $0.12 per share for the quarter, up from their previous estimate of $0.09. Cormark also issued estimates for First Majestic Silver’s Q3 2022 earnings at $0.12 EPS, Q4 2022 earnings at $0.12 EPS and FY2022 earnings at $0.31 EPS.

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last announced 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.

Other research analysts have also recently issued reports about the stock. HC Wainwright reissued a “buy” rating and set a C$19.50 target price on shares of First Majestic Silver in a research report on Friday. TD Securities dropped 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 note on Friday. National Bankshares upped their target price on shares of First Majestic Silver from C$17.00 to C$18.00 in a research note on Wednesday, April 20th. Finally, BMO Capital Markets reduced their price target on shares of First Majestic Silver from C$12.00 to C$10.50 in a research report on Friday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$16.83.

TSE FR opened at C$10.55 on Monday. The company’s fifty day simple moving average is C$15.57 and its 200-day simple moving average is C$14.93. First Majestic Silver has a 52 week low of C$9.46 and a 52 week 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 has a market cap of C$2.76 billion and a P/E ratio of -405.77.

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

In related news, Senior Officer Andrew Winston Poon sold 4,936 shares of First Majestic Silver stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of C$17.88, for a total transaction of C$88,239.88. Following the transaction, the insider now directly owns 17,973 shares of the company’s stock, valued at C$321,299.73. Also, Director Keith Neumeyer sold 12,500 shares of First Majestic Silver stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of C$15.00, for a total value of C$187,500.00. Following the transaction, the director now directly owns 4,055,567 shares in the company, valued at C$60,833,505. In the last three months, insiders have bought 17,500 shares of company stock valued at $209,375 and have sold 273,069 shares valued at $4,614,094.

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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