First Majestic Silver (AG) Scheduled to Post Earnings on Thursday

First Majestic Silver (NYSE:AG) (TSE:FR) will be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect First Majestic Silver to post earnings of $0.02 per share for the quarter.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Wednesday, May 8th. The mining company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). First Majestic Silver had a negative net margin of 9.18% and a negative return on equity of 3.28%. The company had revenue of $106.01 million during the quarter. On average, analysts expect First Majestic Silver to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Majestic Silver Trading Up 0.3 %

Shares of NYSE:AG traded up $0.02 during midday trading on Tuesday, reaching $5.98. The company had a trading volume of 1,851,545 shares, compared to its average volume of 7,616,616. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.33. First Majestic Silver has a 1-year low of $4.17 and a 1-year high of $8.44. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -37.75 and a beta of 1.32. The company has a fifty day simple moving average of $6.44 and a two-hundred day simple moving average of $6.04.

First Majestic Silver Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.004 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.02 dividend on an annualized basis and a yield of 0.27%. First Majestic Silver’s payout ratio is presently -6.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AG shares. Scotiabank raised their price objective on First Majestic Silver from $5.50 to $6.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. HC Wainwright restated a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a research report on Friday, July 19th.

About First Majestic Silver

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.