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

First Majestic Silver Corp. (TSE:FRGet 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:FRGet 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.

See Also

Earnings History and Estimates for First Majestic Silver (TSE:FR)

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