First Majestic Silver - AG Stock Forecast, Price & News

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. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

First Majestic Silver Trading Up 3.0 %

AG Stock opened at $8.37 on Monday. The business has a fifty day moving average price of $7.62 and a 200 day moving average price of $10.02. First Majestic Silver has a fifty-two week low of $6.31 and a fifty-two week high of $14.67. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -22.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.46 and a quick ratio of 1.98.

First Majestic Silver (NYSE:AG - Get Rating) (TSE:FR) last announced its quarterly earnings data on Thursday, May 12th. The mining company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08). First Majestic Silver had a negative net margin of 15.35% and a negative return on equity of 1.85%. The firm had revenue of $156.84 million during the quarter. Analysts expect that First Majestic Silver will post 0.06 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th will be given a $0.0061 dividend. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.01. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, August 15th. First Majestic Silver's dividend payout ratio (DPR) is currently -5.26%.

Wall Street Analysts Forecast Growth

AG has been the subject of a number of recent research reports. HC Wainwright dropped their target price on First Majestic Silver from $19.50 to $12.50 and set a "buy" rating for the company in a report on Monday, July 25th. National Bank Financial dropped their target price on First Majestic Silver from C$18.00 to C$11.75 in a report on Thursday, July 21st. BMO Capital Markets dropped their target price on First Majestic Silver from C$10.00 to C$9.50 in a report on Monday, July 25th. TheStreet cut First Majestic Silver from a "c" rating to a "d+" rating in a report on Friday, April 22nd. Finally, TD Securities dropped their target price on First Majestic Silver from C$20.00 to C$12.00 in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $11.44.