National Bank Financial Raises First Majestic Silver (NYSE:AG) Price Target to C$18.00

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) had its target price raised by National Bank Financial from C$17.00 to C$18.00 in a research report sent to investors on Wednesday, The Fly reports. National Bank Financial also issued estimates for First Majestic Silver’s Q1 2022 earnings at $0.05 EPS.

A number of other equities analysts have also commented on AG. StockNews.com assumed coverage on shares of First Majestic Silver in a research note on Thursday, March 31st. They issued a sell rating for the company. HC Wainwright reaffirmed a buy rating and issued a $22.00 price objective on shares of First Majestic Silver in a research note on Tuesday. Zacks Investment Research raised shares of First Majestic Silver from a strong sell rating to a hold rating in a research note on Tuesday, March 22nd. Finally, BMO Capital Markets decreased their target price on shares of First Majestic Silver from C$13.00 to C$12.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $18.00.

Shares of NYSE:AG opened at $11.70 on Wednesday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -584.71 and a beta of 0.90. First Majestic Silver has a 1-year low of $9.29 and a 1-year high of $18.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.95 and a current ratio of 2.30. The company has a 50 day moving average price of $12.94 and a 200 day moving average price of $12.07.

First Majestic Silver (NYSE:AGGet Rating) (TSE:FR) last issued its earnings results on Thursday, March 10th. The mining company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). First Majestic Silver had a positive return on equity of 0.45% and a negative net margin of 0.84%. The business had revenue of $204.90 million for the quarter, compared to the consensus estimate of $263.74 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 75.0% on a year-over-year basis. On average, sell-side analysts expect that First Majestic Silver will post 0.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 4th. Shareholders of record on Monday, March 21st were paid a dividend of $0.006 per share. The ex-dividend date was Friday, March 18th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.21%. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is -149.93%.

Several institutional investors have recently added to or reduced their stakes in AG. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of First Majestic Silver by 84.2% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,992 shares of the mining company’s stock valued at $33,000 after purchasing an additional 1,368 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of First Majestic Silver by 42.4% during the 4th quarter. Fifth Third Bancorp now owns 4,201 shares of the mining company’s stock valued at $47,000 after purchasing an additional 1,250 shares in the last quarter. Clean Yield Group bought a new position in shares of First Majestic Silver during the 4th quarter valued at $78,000. Ballew Advisors Inc bought a new position in shares of First Majestic Silver during the 4th quarter valued at $107,000. Finally, Parsons Capital Management Inc. RI bought a new position in shares of First Majestic Silver during the 4th quarter valued at $111,000. Institutional investors and hedge funds own 26.97% of the company’s stock.

About First Majestic Silver (Get Rating)

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; 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.

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