FY2018 Earnings Forecast for First Majestic Silver Corp. Issued By National Bank Financial (FR)
First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Research analysts at National Bank Financial cut their FY2018 earnings per share estimates for First Majestic Silver in a research report issued to clients and investors on Wednesday, November 7th. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings per share of ($0.22) for the year, down from their previous forecast of ($0.16). National Bank Financial currently has a “Sector Perform” rating and a $8.75 target price on the stock. National Bank Financial also issued estimates for First Majestic Silver’s FY2019 earnings at $0.18 EPS.
First Majestic Silver (TSE:FR) (NYSE:AG) last released its earnings results on Monday, August 13th. The mining company reported C($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.07). The business had revenue of C$102.85 million during the quarter, compared to the consensus estimate of C$112.58 million.
TSE FR opened at C$6.47 on Monday. The company has a current ratio of 3.38, a quick ratio of 2.77 and a debt-to-equity ratio of 20.22. First Majestic Silver has a 12-month low of C$6.24 and a 12-month high of C$11.09.
In other First Majestic Silver news, Director Rose Marjorie Co purchased 5,926 shares of the business’s stock in a transaction on Friday, August 17th. The stock was bought at an average cost of C$6.75 per share, for a total transaction of C$40,000.50. Also, Director Robert A. Mccallum sold 13,000 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of C$7.50, for a total value of C$97,500.00. Over the last quarter, insiders acquired 9,826 shares of company stock valued at $67,317 and sold 80,000 shares valued at $636,780.
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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