First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) – Equities researchers at HC Wainwright issued their FY2023 earnings per share estimates for First Majestic Silver in a report issued on Wednesday, March 22nd. HC Wainwright analyst H. Ihle anticipates that the mining company will post earnings of ($0.04) per share for the year. HC Wainwright currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for First Majestic Silver's current full-year earnings is $0.30 per share.
Get First Majestic Silver alerts: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 (EPS) for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.05). The company had revenue of C$201.20 million during the quarter. First Majestic Silver had a negative net margin of 18.31% and a negative return on equity of 8.10%.
Other research analysts have also issued research reports about the company. National Bankshares dropped their price objective on First Majestic Silver from C$14.50 to C$11.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 14th. Cormark lowered their target price on First Majestic Silver from C$17.00 to C$15.00 in a report on Friday, January 20th. TD Securities lowered their target price on First Majestic Silver from C$11.00 to C$9.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, BMO Capital Markets reduced their price objective on First Majestic Silver from C$9.00 to C$8.50 in a research report on Friday, February 24th.
First Majestic Silver Trading Up 3.4 %
TSE:FR opened at C$8.85 on Thursday. The firm has a market cap of C$2.41 billion, a P/E ratio of -15.00, a PEG ratio of 0.14 and a beta of 0.94. The company has a current ratio of 2.21, a quick ratio of 1.19 and a debt-to-equity ratio of 17.57. The stock's 50 day simple moving average is C$9.75 and its 200-day simple moving average is C$10.87. First Majestic Silver has a 12-month low of C$7.59 and a 12-month high of C$18.41.
Insiders Place Their Bets
In other news, Senior Officer Amar Singh Parmar sold 6,857 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of C$10.44, for a total value of C$71,587.08. In other First Majestic Silver news, Senior Officer Todd Anthony acquired 3,483 shares of the stock in a transaction on Thursday, March 23rd. The stock was purchased at an average price of C$8.68 per share, for a total transaction of C$30,232.44. Also, Senior Officer Amar Singh Parmar sold 6,857 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of C$10.44, for a total value of C$71,587.08. 2.38% of the stock is currently owned by insiders.
First Majestic Silver Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be paid a dividend of $0.007 per share. The ex-dividend date is Thursday, March 9th. This represents a $0.03 annualized dividend and a yield of 0.32%. First Majestic Silver's dividend payout ratio is presently -5.08%.
First Majestic Silver Company Profile
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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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