First Majestic Silver Corp. (TSE:FR) Director Sells C$68,634.00 in Stock

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Director Robert A. Mccallum sold 6,200 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of C$11.07, for a total value of C$68,634.00. Following the completion of the sale, the director now owns 26,616 shares of the company’s stock, valued at approximately C$294,639.12.

Shares of First Majestic Silver stock opened at C$12.92 on Friday. The stock has a market capitalization of $2.04 billion and a price-to-earnings ratio of -12.54. The firm’s 50-day moving average price is C$9.63. The company has a current ratio of 3.25, a quick ratio of 2.70 and a debt-to-equity ratio of 25.16. First Majestic Silver Corp. has a twelve month low of C$6.12 and a twelve month high of C$13.02.

First Majestic Silver (TSE:FR) (NYSE:AG) last issued its quarterly earnings data on Thursday, May 9th. The mining company reported C($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.01 by C($0.02). The firm had revenue of C$115.42 million during the quarter, compared to analysts’ expectations of C$138.14 million. Sell-side analysts forecast that First Majestic Silver Corp. will post 0.04 earnings per share for the current fiscal year.

A number of brokerages have issued reports on FR. BMO Capital Markets reiterated a “hold” rating on shares of First Majestic Silver in a research note on Tuesday, April 2nd. Cormark increased their price target on OrganiGram from C$8.50 to C$10.50 and gave the stock a “speculative buy” rating in a research note on Wednesday, April 17th. Finally, National Bank Financial lowered Detour Gold to a “hold” rating in a research note on Friday, June 28th.

About First Majestic Silver

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 San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.

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