First Majestic Silver (NYSE:AG) PT Lowered to $12.00 at HC Wainwright

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) had its price objective decreased by HC Wainwright from $12.50 to $12.00 in a research note published on Friday morning, Benzinga reports. HC Wainwright currently has a buy rating on the mining company’s stock.

A number of other equities research analysts have also recently commented on AG. National Bank Financial raised their price objective on shares of First Majestic Silver from C$13.00 to C$14.50 in a research note on Friday, January 13th. TD Securities increased their target price on First Majestic Silver from C$11.00 to C$12.00 in a research report on Thursday, November 10th. Finally, Citigroup set a $8.00 target price on First Majestic Silver in a research report on Thursday, October 20th.

First Majestic Silver Price Performance

Shares of NYSE AG opened at $8.06 on Friday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -20.67 and a beta of 0.99. First Majestic Silver has a 12 month low of $6.31 and a 12 month high of $14.59. The firm’s 50 day simple moving average is $8.88 and its 200-day simple moving average is $8.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.88 and a quick ratio of 1.51.

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) last issued its quarterly earnings data on Wednesday, November 9th. The mining company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $159.75 million for the quarter. First Majestic Silver had a negative return on equity of 2.18% and a negative net margin of 14.90%. Analysts expect that First Majestic Silver will post -0.2 EPS for the current year.

First Majestic Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Tuesday, November 22nd were issued a $0.0061 dividend. The ex-dividend date was Monday, November 21st. This represents a $0.02 dividend on an annualized basis and a yield of 0.30%. First Majestic Silver’s payout ratio is currently -5.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sentinus LLC purchased a new position in First Majestic Silver in the 3rd quarter valued at $263,000. Captrust Financial Advisors raised its holdings in shares of First Majestic Silver by 40.7% during the 3rd quarter. Captrust Financial Advisors now owns 11,982 shares of the mining company’s stock worth $91,000 after acquiring an additional 3,467 shares during the period. BNP Paribas Arbitrage SNC raised its holdings in shares of First Majestic Silver by 4.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 163,153 shares of the mining company’s stock worth $1,243,000 after acquiring an additional 6,220 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of First Majestic Silver during the 3rd quarter worth $81,000. Finally, Alliancebernstein L.P. raised its holdings in shares of First Majestic Silver by 161.0% during the 3rd quarter. Alliancebernstein L.P. now owns 26,100 shares of the mining company’s stock worth $199,000 after acquiring an additional 16,100 shares during the period. Hedge funds and other institutional investors own 30.40% of the company’s stock.

First Majestic Silver Company Profile

(Get Rating)

First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including the La Encantada Silver Mine, La Parrilla Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine, Santa Elena Silver & Gold Mine, and San Dimas Silver & Gold Mine.

Further Reading

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