First Majestic Silver Corp. (NYSE:AG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• First Majestic Silver Corp. has received a consensus recommendation of "Hold" from analysts, with an average target price of $9.6250 from five brokerages covering the stock.
• The company's latest earnings report showed a missed EPS estimate, with $0.05 reported against an expectation of $0.06, while quarterly revenue was 41.6% higher than the previous year but below analyst expectations.
• First Majestic Silver recently announced a dividend of $0.0045 per share, representing a 32.0% yield, and has a negative dividend payout ratio of -6.90%.

Shares of First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR have earned an average rating of "Hold" from the five brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.6250.

Several analysts have recently weighed in on AG shares. HC Wainwright lifted their price target on shares of First Majestic Silver from $11.50 to $12.75 and gave the company a "buy" rating in a research note on Thursday, July 10th. National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a research note on Thursday, June 12th. Finally, Scotiabank lifted their price target on shares of First Majestic Silver from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th.

First Majestic Silver Trading Down 1.5%

AG opened at $8.60 on Friday. The firm has a market cap of $4.19 billion, a P/E ratio of -29.65 and a beta of 0.72. First Majestic Silver has a 12 month low of $4.59 and a 12 month high of $9.48. The company has a current ratio of 3.19, a quick ratio of 2.74 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $8.34 and a 200 day moving average of $6.83.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 12.32% and a negative return on equity of 0.14%. The business had revenue of $241.12 million for the quarter, compared to analysts' expectations of $358.65 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm's quarterly revenue was up 41.6% on a year-over-year basis. As a group, research analysts forecast that First Majestic Silver will post 0.54 EPS for the current year.

First Majestic Silver Announces Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.0045 per share. This represents a dividend yield of 32.0%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver's dividend payout ratio is presently -6.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in First Majestic Silver by 6.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 22,357 shares of the mining company's stock valued at $185,000 after buying an additional 1,282 shares in the last quarter. Harbour Investments Inc. raised its holdings in First Majestic Silver by 7.3% in the 2nd quarter. Harbour Investments Inc. now owns 23,696 shares of the mining company's stock valued at $196,000 after acquiring an additional 1,620 shares during the last quarter. Franklin Resources Inc. raised its holdings in First Majestic Silver by 8.3% in the 4th quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock valued at $128,000 after acquiring an additional 1,776 shares during the last quarter. CWM LLC raised its holdings in First Majestic Silver by 57.2% in the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company's stock valued at $42,000 after acquiring an additional 1,860 shares during the last quarter. Finally, Rathbones Group PLC raised its holdings in First Majestic Silver by 3.3% in the 1st quarter. Rathbones Group PLC now owns 58,732 shares of the mining company's stock valued at $393,000 after acquiring an additional 1,880 shares during the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

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.

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