Equities research analysts expect First Majestic Silver Corp. (NYSE:AG) (TSE:FR) to announce sales of $102.31 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Majestic Silver’s earnings, with estimates ranging from $92.25 million to $112.37 million. First Majestic Silver posted sales of $88.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The company is expected to announce its next earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that First Majestic Silver will report full-year sales of $384.02 million for the current financial year, with estimates ranging from $352.60 million to $416.60 million. For the next financial year, analysts anticipate that the company will report sales of $555.68 million, with estimates ranging from $505.80 million to $639.22 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow First Majestic Silver.
First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Wednesday, August 7th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $83.67 million for the quarter, compared to analyst estimates of $87.77 million. First Majestic Silver had a negative return on equity of 3.57% and a negative net margin of 50.33%. During the same quarter in the prior year, the business posted ($0.07) EPS.
Several institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Majestic Silver by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,302 shares of the mining company’s stock valued at $103,000 after purchasing an additional 1,646 shares during the last quarter. Wedbush Securities Inc. boosted its position in First Majestic Silver by 11.1% during the 3rd quarter. Wedbush Securities Inc. now owns 18,458 shares of the mining company’s stock worth $168,000 after buying an additional 1,850 shares during the period. CIBC Asset Management Inc boosted its position in First Majestic Silver by 0.5% during the 2nd quarter. CIBC Asset Management Inc now owns 406,238 shares of the mining company’s stock worth $3,208,000 after buying an additional 2,003 shares during the period. UBS Asset Management Americas Inc. boosted its position in First Majestic Silver by 3.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 71,277 shares of the mining company’s stock worth $564,000 after buying an additional 2,400 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in First Majestic Silver during the 1st quarter worth approximately $27,000. 27.21% of the stock is currently owned by institutional investors.
NYSE:AG traded down $0.13 during mid-day trading on Friday, reaching $10.24. 3,405,813 shares of the company’s stock were exchanged, compared to its average volume of 3,926,295. First Majestic Silver has a one year low of $4.59 and a one year high of $11.62. The firm has a market capitalization of $2.11 billion, a PE ratio of -48.76 and a beta of -0.03. The business’s fifty day simple moving average is $9.91 and its two-hundred day simple moving average is $8.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.66 and a current ratio of 3.13.
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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