FY2016 EPS Estimates for First Majestic Silver Corp. (FR) Cut by Cormark
First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Cormark dropped their FY2016 earnings per share (EPS) estimates for First Majestic Silver Corp. in a research report issued to clients and investors on Thursday. Cormark analyst G. Jennings now expects that the brokerage will earn $0.22 per share for the year, down from their previous forecast of $0.29. Cormark also issued estimates for First Majestic Silver Corp.’s Q4 2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.16 EPS, Q2 2017 earnings at $0.18 EPS, Q3 2017 earnings at $0.04 EPS, Q4 2017 earnings at $0.18 EPS and FY2017 earnings at $0.69 EPS.
Other equities research analysts have also recently issued reports about the company. Raymond James Financial Inc. increased their target price on First Majestic Silver Corp. from C$11.25 to C$11.50 in a research note on Friday, September 23rd. Desjardins cut their target price on First Majestic Silver Corp. to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. TD Securities reissued a “hold” rating and issued a C$13.00 target price on shares of First Majestic Silver Corp. in a research note on Thursday, November 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$14.00 price target on shares of First Majestic Silver Corp. in a report on Thursday, November 10th. Finally, National Bank Financial raised First Majestic Silver Corp. from a “sector perform overweight” rating to an “outperform market weight” rating in a report on Wednesday, November 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. First Majestic Silver Corp. presently has an average rating of “Hold” and an average target price of C$11.80.
First Majestic Silver Corp. (TSE:FR) opened at 12.10 on Monday. The stock’s market cap is $1.98 billion. First Majestic Silver Corp. has a 12-month low of $3.50 and a 12-month high of $24.96. The firm’s 50-day moving average price is $11.43 and its 200-day moving average price is $15.91.
About First Majestic Silver Corp.
First Majestic Silver Corp. (First Majestic) is a mining company. The Company is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.
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