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

First Majestic Silver (NYSE:AG) (TSE:FR) issued its earnings results on Thursday. The mining company reported $0.03 earnings per share 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

Shares of First Majestic Silver stock opened at $5.77 on Friday. The firm has a 50-day moving average of $5.68 and a 200-day moving average of $6.01. First Majestic Silver has a 52-week low of $4.28 and a 52-week 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AG shares. Scotiabank lowered their target price on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. HC Wainwright reaffirmed a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a research report 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.