First Majestic Silver (NYSE:AG) Posts Earnings Results, Misses Estimates By $0.05 EPS

First Majestic Silver (NYSE:AG) (TSE:FR) released its earnings results on Thursday. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05), Briefing.com reports. The firm had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $129.74 million. First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.41%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS.

First Majestic Silver Trading Down 5.4 %

Shares of AG traded down $0.29 during mid-day trading on Friday, reaching $5.06. 11,456,895 shares of the company’s stock traded hands, compared to its average volume of 5,688,055. The stock has a market cap of $1.47 billion, a P/E ratio of -31.62 and a beta of 1.32. The stock’s 50-day moving average is $6.31 and its two-hundred day moving average is $6.05. First Majestic Silver has a 12 month low of $4.17 and a 12 month high of $8.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 1.77.

First Majestic Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.0046 per share. The ex-dividend date is Friday, August 16th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.36%. First Majestic Silver’s dividend payout ratio is -6.25%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a research report on Friday. Scotiabank lifted their target price on First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd.

About First Majestic Silver

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.