First Majestic Silver Corp. (TSE:AG) Stock Has Average Price Target of C$30.40

First Majestic Silver Corp. (TSE:AG) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$30.40.

Separately, ATB Cormark Capital Markets raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$36.00 to C$37.00 in a research note on Friday, July 10th.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock opened at C$25.44 on Tuesday. The stock has a market capitalization of C$12.54 billion, a P/E ratio of 36.34 and a beta of 2.94. The stock’s 50-day simple moving average is C$26.43 and its 200 day simple moving average is C$26.88. First Majestic Silver has a 52-week low of C$14.42 and a 52-week high of C$43.69.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.30 earnings per share for the quarter. The business had revenue of C$590.33 million during the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. Equities research analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current fiscal year.

First Majestic Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 31st were given a $0.0152 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 14th. First Majestic Silver’s dividend payout ratio is 5.06%.

First Majestic Silver Company Profile

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.