First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Equities researchers at Cormark lowered their Q3 2018 earnings estimates for shares of First Majestic Silver in a research note issued on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the mining company will earn ($0.05) per share for the quarter, down from their prior forecast of ($0.01). Cormark has a “C$9.03” rating and a $13.00 price objective on the stock. Cormark also issued estimates for First Majestic Silver’s FY2018 earnings at ($0.22) EPS and FY2020 earnings at $0.36 EPS.
First Majestic Silver (TSE:FR) (NYSE:AG) last posted its quarterly earnings results on Monday, August 13th. The mining company reported C($0.09) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.07). First Majestic Silver had a negative return on equity of 36.93% and a negative net margin of 91.69%. The firm had revenue of C$102.85 million for the quarter, compared to analyst estimates of C$112.58 million.
TSE FR opened at C$8.10 on Thursday. First Majestic Silver has a 52 week low of C$6.24 and a 52 week high of C$11.09.
In other First Majestic Silver news, insider Todd Olson Anthony purchased 5,000 shares of First Majestic Silver stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average price of C$6.75 per share, for a total transaction of C$33,750.00. Also, Director Rose Marjorie Co purchased 5,926 shares of First Majestic Silver stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average price of C$6.75 per share, with a total value of C$40,000.50. In the last 90 days, insiders have bought 27,177 shares of company stock valued at $202,950 and have sold 45,000 shares valued at $358,880.
About First Majestic Silver
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.
See Also: What is the NASDAQ?
Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.