First Majestic Silver Corp. (TSE:FR) Senior Officer Sells C$71,587.08 in Stock

First Majestic Silver Corp. (TSE:FRGet Rating) (NYSE:AG) Senior Officer Amar Singh Parmar sold 6,857 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of C$10.44, for a total value of C$71,587.08.

First Majestic Silver Stock Performance

Shares of TSE FR traded down C$0.18 during mid-day trading on Monday, hitting C$10.60. The company had a trading volume of 1,134,752 shares, compared to its average volume of 897,627. First Majestic Silver Corp. has a 1 year low of C$8.12 and a 1 year high of C$18.41. The stock’s 50-day moving average price is C$11.98 and its 200-day moving average price is C$10.92. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 19.13. The company has a market capitalization of C$2.89 billion and a price-to-earnings ratio of 3,593.33.

First Majestic Silver (TSE:FRGet Rating) (NYSE:AG) last posted its earnings results on Wednesday, November 9th. The mining company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.08). The company had revenue of C$208.45 million during the quarter. On average, sell-side analysts forecast that First Majestic Silver Corp. will post 0.3 earnings per share for the current year.

First Majestic Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Tuesday, November 22nd were given a $0.008 dividend. The ex-dividend date was Monday, November 21st. This represents a $0.03 annualized dividend and a yield of 0.30%. First Majestic Silver’s dividend payout ratio (DPR) is presently 830.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of First Majestic Silver from C$10.50 to C$9.00 in a research note on Friday. TD Securities upped their target price on First Majestic Silver from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Thursday, November 10th. Cormark cut their price objective on First Majestic Silver from C$17.00 to C$15.00 in a research report on Friday. HC Wainwright reissued a “buy” rating and issued a C$12.00 price target on shares of First Majestic Silver in a report on Friday. Finally, National Bankshares raised their price objective on shares of First Majestic Silver from C$13.00 to C$14.50 and gave the stock a “sector perform” rating in a report on Friday, January 13th.

First Majestic Silver Company Profile

(Get Rating)

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. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

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Insider Buying and Selling by Quarter for First Majestic Silver (TSE:FR)

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