First Majestic Silver (NYSE:AG) Announces Earnings Results, Misses Estimates By $0.02 EPS

First Majestic Silver (NYSE:AG) (TSE:FR) issued its quarterly earnings data on Thursday. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%.

First Majestic Silver Stock Performance

First Majestic Silver stock traded up $0.29 during midday trading on Thursday, hitting $5.66. The company’s stock had a trading volume of 8,820,882 shares, compared to its average volume of 17,715,758. First Majestic Silver has a 1-year low of $4.28 and a 1-year high of $8.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. The company has a 50-day moving average price of $5.68 and a two-hundred day moving average price of $6.01. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -20.94 and a beta of 1.24.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AG. Scotiabank reduced their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. HC Wainwright restated a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research note on Friday, January 10th.

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 North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.