First Majestic Silver Corp. Forecasted to Earn FY2021 Earnings of $0.40 Per Share (TSE:FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – National Bank Financial cut their FY2021 earnings per share estimates for First Majestic Silver in a report issued on Tuesday, October 12th. National Bank Financial analyst D. Demarco now anticipates that the mining company will earn $0.40 per share for the year, down from their previous forecast of $0.44. National Bank Financial currently has a “Sector Perform” rating and a $18.00 price objective on the stock. National Bank Financial also issued estimates for First Majestic Silver’s FY2022 earnings at $0.81 EPS and FY2023 earnings at $0.13 EPS.

FR has been the subject of several other reports. National Bankshares decreased their price objective on First Majestic Silver from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a report on Friday, September 10th. TD Securities decreased their price objective on First Majestic Silver from C$21.00 to C$20.00 and set a “hold” rating for the company in a report on Tuesday, August 17th. HC Wainwright restated a “buy” rating and issued a C$25.00 price objective on shares of First Majestic Silver in a report on Wednesday. BMO Capital Markets lifted their price objective on First Majestic Silver from C$13.00 to C$13.25 and gave the company a “na” rating in a report on Wednesday. Finally, Cormark decreased their price objective on First Majestic Silver from C$26.00 to C$23.00 and set a “buy” rating for the company in a report on Thursday, August 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$19.54.

TSE FR opened at C$15.20 on Thursday. First Majestic Silver has a 52 week low of C$12.56 and a 52 week high of C$30.75. The firm has a market capitalization of C$3.90 billion and a price-to-earnings ratio of 33.78. The company has a fifty day moving average of C$15.40 and a two-hundred day moving average of C$18.13. The company has a quick ratio of 2.64, a current ratio of 3.08 and a debt-to-equity ratio of 13.76.

First Majestic Silver (TSE:FR) (NYSE:AG) last posted its earnings results on Monday, August 16th. The mining company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.06). The company had revenue of C$189.31 million for the quarter.

In other First Majestic Silver news, Senior Officer Todd Olson Anthony purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 17th. The shares were acquired at an average price of C$15.15 per share, for a total transaction of C$30,300.00. Following the completion of the purchase, the insider now owns 32,000 shares of the company’s stock, valued at C$484,800. Also, Senior Officer Raymond L. Polman sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of C$15.63, for a total value of C$78,150.00. Following the sale, the insider now owns 109,200 shares in the company, valued at approximately C$1,706,796. Insiders acquired 6,000 shares of company stock worth $94,640 in the last quarter.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, August 26th were paid a $0.008 dividend. This represents a $0.03 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Wednesday, August 25th. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is 1.00%.

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 and gold production in Mexico. It holds 100% interests in the San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,839 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine consists of 32 concessions covering an area of 102,172 hectares located in Sonora; and the La Encantada Silver Mine comprises 22 concessions covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

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Earnings History and Estimates for First Majestic Silver (TSE:FR)

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