First Majestic Silver (TSE:FR) (NYSE:AG) is scheduled to release its earnings data after the market closes on Wednesday, May 9th. Analysts expect First Majestic Silver to post earnings of C$0.04 per share for the quarter.
First Majestic Silver (TSE:FR) (NYSE:AG) last released its earnings results on Wednesday, February 28th. The mining company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.04). First Majestic Silver had a negative return on equity of 36.93% and a negative net margin of 91.69%. The firm had revenue of C$77.68 million for the quarter, compared to analyst estimates of C$83.20 million.
FR stock opened at C$8.75 on Tuesday. First Majestic Silver has a twelve month low of C$6.24 and a twelve month high of C$12.72.
A number of research firms recently weighed in on FR. Roth Capital reissued a “buy” rating on shares of First Majestic Silver in a research report on Wednesday, April 25th. National Bank Financial downgraded First Majestic Silver from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$10.50 to C$10.00 in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$9.67.
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 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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