First Majestic Silver (TSE:AG – Get Free Report) posted its quarterly earnings data on Thursday. The company reported C$0.30 earnings per share for the quarter, FiscalAI reports. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. The firm had revenue of C$590.33 million for the quarter.
First Majestic Silver Trading Down 0.1%
AG stock traded down C$0.02 during midday trading on Thursday, reaching C$21.39. The company had a trading volume of 3,055,265 shares, compared to its average volume of 1,891,654. First Majestic Silver has a 1 year low of C$10.69 and a 1 year high of C$43.69. The company has a market capitalization of C$10.56 billion, a P/E ratio of 36.25 and a beta of 2.79. The company has a 50 day moving average of C$24.76 and a two-hundred day moving average of C$28.80.
Analyst Ratings Changes
Several analysts have recently commented on AG shares. ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$36.00 to C$37.00 in a research report on Friday, July 10th. Scotiabank raised First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$30.40.
First Majestic Silver Company Profile
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
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