TD Securities Issues Positive Forecast for First Majestic Silver (TSE:AG) Stock Price

First Majestic Silver (TSE:AG) had its price objective upped by TD Securities from C$22.00 to C$36.00 in a report issued on Thursday,BayStreet.CA reports.

AG has been the topic of a number of other research reports. National Bank Financial raised First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 5th. BMO Capital Markets upped their price objective on First Majestic Silver from C$18.50 to C$21.00 in a research report on Thursday, October 9th. National Bankshares raised First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$20.00 to C$22.00 in a research note on Monday, October 6th. Finally, Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, First Majestic Silver presently has a consensus rating of “Buy” and a consensus price target of C$30.60.

First Majestic Silver Stock Up 8.6%

Shares of First Majestic Silver stock opened at C$33.36 on Thursday. The company has a market capitalization of C$16.35 billion, a price-to-earnings ratio of 238.29 and a beta of 1.65. First Majestic Silver has a 12-month low of C$7.40 and a 12-month high of C$33.58. The firm’s 50-day moving average price is C$22.88 and its two-hundred day moving average price is C$17.45.

First Majestic Silver (TSE:AG) last issued its earnings results on Wednesday, November 5th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$396.93 million during the quarter. First Majestic Silver had a negative net margin of 14.81% and a negative return on equity of 5.74%. On average, sell-side analysts expect that First Majestic Silver will post 0.4623323 earnings per share for the current year.

First Majestic Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were paid a dividend of $0.0052 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. First Majestic Silver’s dividend payout ratio (DPR) is presently 14.14%.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.