First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Equities research analysts at National Bank Financial cut their FY2020 EPS estimates for shares of First Majestic Silver in a research report issued to clients and investors on Monday, October 15th. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings of $0.21 per share for the year, down from their previous estimate of $0.30. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Monday, August 13th. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). First Majestic Silver had a negative net margin of 39.42% and a negative return on equity of 4.40%. The firm had revenue of $79.70 million during the quarter, compared to the consensus estimate of $111.49 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 32.6% on a year-over-year basis.
Shares of First Majestic Silver stock opened at $6.27 on Wednesday. First Majestic Silver has a one year low of $4.93 and a one year high of $8.48. The stock has a market capitalization of $1.10 billion, a P/E ratio of -154.00 and a beta of 0.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.20 and a quick ratio of 2.74.
A number of hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp boosted its stake in shares of First Majestic Silver by 14.6% in the 2nd quarter. Sigma Planning Corp now owns 63,226 shares of the mining company’s stock worth $482,000 after buying an additional 8,075 shares during the last quarter. Sei Investments Co. boosted its stake in shares of First Majestic Silver by 99.7% in the 1st quarter. Sei Investments Co. now owns 17,379 shares of the mining company’s stock worth $106,000 after buying an additional 8,675 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of First Majestic Silver by 14.2% in the 1st quarter. Wells Fargo & Company MN now owns 89,056 shares of the mining company’s stock worth $544,000 after buying an additional 11,062 shares during the last quarter. Kovack Advisors Inc. purchased a new position in shares of First Majestic Silver in the 2nd quarter worth approximately $101,000. Finally, Aperio Group LLC boosted its stake in shares of First Majestic Silver by 12.8% in the 2nd quarter. Aperio Group LLC now owns 121,081 shares of the mining company’s stock worth $924,000 after buying an additional 13,705 shares during the last quarter. Institutional investors and hedge funds own 25.83% of the company’s stock.
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.
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