First Majestic Silver (AG) Scheduled to Post Quarterly Earnings on Thursday

First Majestic Silver (NYSE:AG) (TSE:FR) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect First Majestic Silver to post earnings of $0.02 per share for the quarter.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Wednesday, May 8th. The mining company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). First Majestic Silver had a negative return on equity of 3.28% and a negative net margin of 9.18%. The firm had revenue of $106.01 million during the quarter. On average, analysts expect First Majestic Silver to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock opened at $6.24 on Wednesday. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.05. The company has a quick ratio of 1.77, a current ratio of 2.33 and a debt-to-equity ratio of 0.18. First Majestic Silver has a 52-week low of $4.17 and a 52-week high of $8.44.

First Majestic Silver Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.004 per share. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, May 16th. First Majestic Silver’s dividend payout ratio is presently -6.25%.

Wall Street Analyst Weigh In

Several analysts have weighed in on AG shares. Scotiabank boosted their target price on shares of First Majestic Silver from $5.50 to $6.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. HC Wainwright reissued a “buy” rating and set a $8.50 target price on shares of First Majestic Silver in a research report on Friday, July 19th.

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.