First Majestic Silver Corp. (TSE:AG) Given Consensus Rating of “Buy” by Analysts

First Majestic Silver Corp. (TSE:AG) has earned an average rating of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$30.40.

Separately, ATB Cormark Capital Markets raised First Majestic Silver from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$36.00 to C$37.00 in a report on Friday, July 10th.

First Majestic Silver Trading Up 3.3%

Shares of TSE AG opened at C$30.11 on Friday. The stock has a fifty day simple moving average of C$24.71 and a two-hundred day simple moving average of C$28.15. First Majestic Silver has a 1-year low of C$12.22 and a 1-year high of C$43.69. The firm has a market cap of C$14.84 billion, a price-to-earnings ratio of 43.01 and a beta of 2.75.

First Majestic Silver (TSE:AG) last issued its earnings results on Thursday, July 30th. The company reported C$0.30 earnings per share (EPS) for the quarter. First Majestic Silver had a return on equity of 12.27% and a net margin of 21.09%.The firm had revenue of C$590.33 million for the quarter. Analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current year.

First Majestic Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be given a dividend of $0.0152 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 14th. First Majestic Silver’s dividend payout ratio (DPR) is currently 5.06%.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.