First Majestic Silver (TSE:AG) Announces Earnings Results

First Majestic Silver (TSE:AG) issued its earnings results on Thursday. The company reported C$0.41 earnings per share for the quarter, FiscalAI reports. First Majestic Silver had a negative net margin of 14.81% and a negative return on equity of 5.74%. The firm had revenue of C$621.00 million for the quarter.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock opened at C$37.70 on Friday. The company has a market capitalization of C$18.47 billion, a P/E ratio of 269.29 and a beta of 2.10. First Majestic Silver has a 1 year low of C$7.40 and a 1 year high of C$38.20. The company’s fifty day moving average is C$28.15 and its two-hundred day moving average is C$20.40.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. TD Securities upped their target price on First Majestic Silver from C$22.00 to C$36.00 in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$30.60.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.