First Majestic Silver Corp (NYSE:AG) (TSE:FR) – Equities research analysts at Desjardins issued their FY2017 earnings per share (EPS) estimates for shares of First Majestic Silver Corp in a report released on Monday. Desjardins analyst M. Parkin expects that the mining company will post earnings of $0.13 per share for the year.

A number of other equities analysts also recently issued reports on the stock. Raymond James Financial, Inc. raised shares of First Majestic Silver Corp from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 5th. Zacks Investment Research raised shares of First Majestic Silver Corp from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. S&P Global raised shares of First Majestic Silver Corp from an “underperform” rating to a “market perform” rating in a report on Thursday, April 6th. Scotiabank reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of First Majestic Silver Corp in a report on Friday, April 21st. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of First Majestic Silver Corp in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.40.

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First Majestic Silver Corp (NYSE:AG) opened at 8.95 on Wednesday. The company has a 50-day moving average price of $8.38 and a 200-day moving average price of $8.64. First Majestic Silver Corp has a 12-month low of $6.62 and a 12-month high of $19.15. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 179.00 and a beta of 0.41.

First Majestic Silver Corp (NYSE:AG) last released its earnings results on Wednesday, February 22nd. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. The company had revenue of $66.20 million during the quarter, compared to analysts’ expectations of $78.33 million. First Majestic Silver Corp had a negative net margin of 34.63% and a positive return on equity of 3.08%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share.

Several large investors have recently added to or reduced their stakes in AG. San Francisco Sentry Investment Group CA acquired a new stake in First Majestic Silver Corp during the third quarter worth approximately $131,000. Quantitative Investment Management LLC acquired a new stake in First Majestic Silver Corp during the third quarter worth approximately $6,322,000. Global X Management Co. LLC boosted its stake in First Majestic Silver Corp by 14.9% in the third quarter. Global X Management Co. LLC now owns 1,688,368 shares of the mining company’s stock worth $17,381,000 after buying an additional 219,196 shares during the last quarter. Princeton Alpha Management LP acquired a new stake in First Majestic Silver Corp during the third quarter worth approximately $143,000. Finally, Bloom Tree Partners LLC acquired a new stake in First Majestic Silver Corp during the third quarter worth approximately $11,845,000. Institutional investors own 33.94% of the company’s stock.

About First Majestic Silver Corp

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

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