FY2018 EPS Estimates for First Majestic Silver Corp. Reduced by Analyst (FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Cormark lowered their FY2018 earnings per share estimates for First Majestic Silver in a research note issued on Tuesday, January 15th. Cormark analyst R. Gray now expects that the mining company will earn ($0.29) per share for the year, down from their previous estimate of ($0.21). Cormark also issued estimates for First Majestic Silver’s Q4 2018 earnings at ($0.08) EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at $0.01 EPS and FY2020 earnings at $0.05 EPS.

First Majestic Silver (TSE:FR) (NYSE:AG) last issued its earnings results on Wednesday, November 7th. The mining company reported C($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.05) by C$0.01. The business had revenue of C$115.69 million during the quarter, compared to the consensus estimate of C$126.88 million.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut shares of First Majestic Silver from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$8.50 to C$8.25 in a report on Tuesday. National Bank Financial cut their target price on shares of First Majestic Silver from C$9.00 to C$8.50 and set a “sector perform” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$9.81.

Shares of TSE FR opened at C$6.98 on Thursday. The company has a quick ratio of 2.77, a current ratio of 3.38 and a debt-to-equity ratio of 20.22. First Majestic Silver has a 52-week low of C$6.12 and a 52-week high of C$11.09.

In other First Majestic Silver news, Director David Andrew Shaw sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of C$6.46, for a total value of C$32,300.00. Also, Director Keith Neumeyer purchased 4,250 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was purchased at an average price of C$7.05 per share, for a total transaction of C$29,962.50. Following the purchase, the director now directly owns 3,359,500 shares of the company’s stock, valued at approximately C$23,684,475. Insiders sold 40,000 shares of company stock worth $310,200 in the last three months.

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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Earnings History and Estimates for First Majestic Silver (TSE:FR)

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