First Majestic Silver Corp (AG) Posts Quarterly Results
First Majestic Silver Corp (NYSE:AG) released its earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.05, Analyst Ratings.Net reports. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $65.67 million.
Shares of First Majestic Silver Corp (NYSE:AG) opened at 10.93 on Wednesday. First Majestic Silver Corp has a 52-week low of $8.19 and a 52-week high of $16.46. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $10.20. The company’s market cap is $1.284 billion.
AG has been the subject of a number of recent research reports. Analysts at Dundee Securities reiterated a “buy” rating on shares of First Majestic Silver Corp in a research note on Monday, August 4th. On a related note, analysts at TD Securities raised their price target on shares of First Majestic Silver Corp from C$13.00 to C$13.50 in a research note on Thursday, July 10th. They now have a “hold” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of First Majestic Silver Corp from C$15.50 to C$13.00 in a research note on Thursday, May 15th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. First Majestic Silver Corp currently has a consensus rating of “Buy” and a consensus price target of $13.48.
First Majestic Silver Corp. (NYSE:AG) is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico.
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