First Majestic Silver (NYSE:AG) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

First Majestic Silver (NYSE:AG) (TSE:FR) issued its quarterly earnings data on Thursday. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02), Zacks reports. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%.

First Majestic Silver Stock Up 5.3 %

Shares of NYSE AG traded up $0.29 during mid-day trading on Thursday, hitting $5.66. The company had a trading volume of 8,820,882 shares, compared to its average volume of 17,715,758. The company has a market capitalization of $1.76 billion, a PE ratio of -20.94 and a beta of 1.24. The firm has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $6.01. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. First Majestic Silver has a one year low of $4.28 and a one year high of $8.44.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Scotiabank dropped their price objective on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a research note on Friday, January 10th.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.