First Majestic Silver Corp. (TSE:AG) Given Average Rating of “Buy” by Brokerages

Shares of First Majestic Silver Corp. (TSE:AGGet Free Report) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$30.40.

A number of equities research analysts recently weighed in on the company. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$36.00 to C$37.00 in a research report on Friday, July 10th.

Check Out Our Latest Report on AG

First Majestic Silver Stock Performance

First Majestic Silver stock opened at C$25.64 on Monday. The stock has a 50-day simple moving average of C$24.09 and a 200 day simple moving average of C$28.54. The stock has a market capitalization of C$12.64 billion, a P/E ratio of 36.63 and a beta of 2.75. First Majestic Silver has a 52 week low of C$11.43 and a 52 week high of C$43.69.

First Majestic Silver (TSE:AGGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.30 earnings per share (EPS) for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%.The firm had revenue of C$590.33 million for the quarter. Research analysts forecast that First Majestic Silver will post 0.4623323 earnings per share for the current year.

First Majestic Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 31st will be paid a dividend of $0.0152 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 14th. First Majestic Silver’s dividend payout ratio (DPR) is currently 5.06%.

About First Majestic Silver

(Get Free Report)

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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Analyst Recommendations for First Majestic Silver (TSE:AG)

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