First Majestic Silver Corp. (NYSE:AG) Receives Consensus Rating of “Hold” from Analysts

Shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have earned a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.75.

AG has been the subject of a number of recent analyst reports. Scotiabank restated a “sector perform” rating and issued a $6.00 price objective on shares of First Majestic Silver in a research report on Wednesday, April 2nd. HC Wainwright upped their price objective on shares of First Majestic Silver from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Friday, May 9th. National Bankshares restated a “sector perform” rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities upgraded shares of First Majestic Silver to a “hold” rating in a research report on Monday, March 10th. Finally, National Bank Financial raised shares of First Majestic Silver to a “hold” rating in a research note on Thursday, June 12th.

Hedge Funds Weigh In On First Majestic Silver

A number of large investors have recently modified their holdings of AG. Parallel Advisors LLC boosted its stake in shares of First Majestic Silver by 1,221.6% during the 1st quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company’s stock worth $25,000 after buying an additional 3,506 shares during the last quarter. Allworth Financial LP boosted its stake in shares of First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock worth $29,000 after buying an additional 4,591 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of First Majestic Silver during the 1st quarter worth about $29,000. Banque Cantonale Vaudoise acquired a new position in shares of First Majestic Silver during the 1st quarter worth about $46,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of First Majestic Silver during the 4th quarter worth about $55,000. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Price Performance

AG opened at $8.14 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.19 and a debt-to-equity ratio of 0.08. First Majestic Silver has a 12 month low of $4.43 and a 12 month high of $8.70. The company has a fifty day simple moving average of $6.74 and a 200 day simple moving average of $6.21. The stock has a market cap of $3.94 billion, a P/E ratio of -28.07 and a beta of 0.74.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. The firm had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same quarter in the prior year, the company earned ($0.05) EPS. First Majestic Silver’s quarterly revenue was up 41.6% on a year-over-year basis. On average, research analysts expect that First Majestic Silver will post 0.54 EPS for the current year.

First Majestic Silver Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.0045 dividend. This represents a yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver’s payout ratio is presently -3.45%.

About First Majestic Silver

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. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.