Insider Selling: First Majestic Silver Corp. (TSE:FR) Senior Officer Sells 1,261 Shares of Stock

Financial News Live ·  03/23 19:52

First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) Senior Officer Todd Olson Anthony sold 1,261 shares of First Majestic Silver stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of C$8.42, for a total value of C$10,617.62.

First Majestic Silver Stock Performance

FR opened at C$8.56 on Thursday. The business has a fifty day simple moving average of C$9.81 and a 200 day simple moving average of C$10.88. The company has a market capitalization of C$2.33 billion, a PE ratio of -14.51, a price-to-earnings-growth ratio of 0.14 and a beta of 0.94. The company has a debt-to-equity ratio of 17.57, a current ratio of 2.21 and a quick ratio of 1.19. First Majestic Silver Corp. has a 1 year low of C$7.59 and a 1 year high of C$18.41.

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First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last released its earnings results on Thursday, February 23rd. The mining company reported C($0.10) earnings per share for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.05). The company had revenue of C$201.20 million for the quarter. First Majestic Silver had a negative net margin of 18.31% and a negative return on equity of 8.10%. Research analysts expect that First Majestic Silver Corp. will post 0.3 EPS for the current year.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be given a dividend of $0.007 per share. The ex-dividend date is Thursday, March 9th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.33%. First Majestic Silver's payout ratio is -5.08%.

Analyst Ratings Changes

Several research analysts have recently commented on FR shares. BMO Capital Markets reduced their target price on First Majestic Silver from C$9.00 to C$8.50 in a research note on Friday, February 24th. HC Wainwright reissued a "buy" rating and set a C$12.00 price target on shares of First Majestic Silver in a report on Friday, January 20th. Cormark reduced their price target on First Majestic Silver from C$17.00 to C$15.00 in a research note on Friday, January 20th. National Bankshares reduced their price target on First Majestic Silver from C$14.50 to C$11.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 14th. Finally, TD Securities reduced their price target on First Majestic Silver from C$11.00 to C$9.00 and set a "hold" rating for the company in a research note on Tuesday.

About First Majestic Silver

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First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

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