Somewhat Positive News Coverage Somewhat Unlikely to Impact First Majestic Silver (NYSE:AG) Share Price

News stories about First Majestic Silver (NYSE:AG) (TSE:FR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Majestic Silver earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the mining company an impact score of 45.6815910715059 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

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AG has been the topic of several research analyst reports. Zacks Investment Research downgraded First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 25th. BMO Capital Markets downgraded First Majestic Silver from a “market perform” rating to an “underperform” rating in a research note on Friday, December 22nd. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of First Majestic Silver in a research note on Friday, March 2nd. ValuEngine downgraded First Majestic Silver from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, National Bank Financial cut First Majestic Silver from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.83.

First Majestic Silver stock traded up $0.09 during midday trading on Thursday, reaching $6.11. 2,567,680 shares of the company’s stock were exchanged, compared to its average volume of 3,946,219. First Majestic Silver has a 52 week low of $4.93 and a 52 week high of $9.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.79 and a current ratio of 3.14. The stock has a market capitalization of $1,022.54, a P/E ratio of -19.09 and a beta of 0.32.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Wednesday, February 28th. The mining company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). First Majestic Silver had a negative return on equity of 1.00% and a negative net margin of 21.12%. The business had revenue of $61.17 million for the quarter, compared to the consensus estimate of $65.00 million. research analysts forecast that First Majestic Silver will post 0.03 earnings per share for the current year.

First Majestic Silver announced that its Board of Directors has initiated a share repurchase program on Monday, March 19th that permits the company to buyback 8,290,000 shares. This buyback authorization permits the mining company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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First Majestic Silver Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

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