First Majestic Silver (FR) Scheduled to Post Quarterly Earnings on Monday
First Majestic Silver (TSE:FR) (NYSE:AG) is scheduled to announce its earnings results after the market closes on Monday, August 13th. Analysts expect the company to announce earnings of C($0.02) per share for the quarter.
First Majestic Silver (TSE:FR) (NYSE:AG) last released its quarterly earnings results on Wednesday, May 9th. The mining company reported C($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.05). First Majestic Silver had a negative return on equity of 36.93% and a negative net margin of 91.69%. The firm had revenue of C$74.07 million during the quarter, compared to analysts’ expectations of C$81.65 million.
TSE FR opened at C$8.50 on Friday. First Majestic Silver has a 12-month low of C$6.24 and a 12-month high of C$11.09.
FR has been the topic of several analyst reports. Roth Capital reaffirmed a “buy” rating on shares of First Majestic Silver in a report on Wednesday, April 25th. TD Securities raised shares of First Majestic Silver from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$11.00 to C$14.00 in a report on Tuesday, May 15th. National Bank Financial lifted their price objective on shares of First Majestic Silver from C$9.75 to C$11.50 in a research note on Saturday, July 14th. Finally, Cormark lowered their price objective on shares of First Majestic Silver from C$14.00 to C$13.00 and set a “c$9.03” rating for the company in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$11.50.
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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