First Majestic Silver Corp. to Post Q1 2019 Earnings of ($0.01) Per Share, National Bank Financial Forecasts (AG)

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Research analysts at National Bank Financial issued their Q1 2019 earnings estimates for First Majestic Silver in a research report issued on Wednesday, April 17th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco expects that the mining company will post earnings per share of ($0.01) for the quarter.

Several other brokerages have also recently commented on AG. HC Wainwright set a $8.00 target price on First Majestic Silver and gave the stock a “buy” rating in a research report on Tuesday, February 26th. ValuEngine raised First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Monday, February 25th. Zacks Investment Research raised First Majestic Silver from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, March 19th. B. Riley initiated coverage on First Majestic Silver in a report on Friday, March 1st. They set a “neutral” rating and a $6.00 price objective for the company. Finally, BMO Capital Markets reissued a “hold” rating on shares of First Majestic Silver in a report on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.60.

AG stock traded down $0.12 during midday trading on Friday, hitting $5.88. The stock had a trading volume of 2,861,290 shares, compared to its average volume of 2,521,600. The stock has a market cap of $1.17 billion, a P/E ratio of -28.00 and a beta of -0.17. First Majestic Silver has a 52 week low of $4.59 and a 52 week high of $8.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.86 and a quick ratio of 2.30.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, May 9th. The mining company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $86.80 million during the quarter, compared to analysts’ expectations of $124.73 million. First Majestic Silver had a negative return on equity of 4.52% and a negative net margin of 59.46%. First Majestic Silver’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of AG. IHT Wealth Management LLC acquired a new stake in shares of First Majestic Silver in the fourth quarter valued at $70,000. North Star Investment Management Corp. increased its stake in shares of First Majestic Silver by 166.7% in the fourth quarter. North Star Investment Management Corp. now owns 16,000 shares of the mining company’s stock valued at $94,000 after buying an additional 10,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of First Majestic Silver in the fourth quarter valued at $109,000. Great West Life Assurance Co. Can increased its stake in shares of First Majestic Silver by 27.0% in the first quarter. Great West Life Assurance Co. Can now owns 39,959 shares of the mining company’s stock valued at $262,000 after buying an additional 8,491 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of First Majestic Silver by 12.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,059 shares of the mining company’s stock valued at $265,000 after buying an additional 5,038 shares in the last quarter. 26.36% of the stock is owned by institutional investors.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.

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Earnings History and Estimates for First Majestic Silver (NYSE:AG)

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