First Majestic Silver Corp. (TSE:AG) Stock Has Average Target Price of C$30.40

Shares of First Majestic Silver Corp. (TSE:AG) have been given an average rating of “Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$30.40.

Separately, ATB Cormark Capital Markets upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$36.00 to C$37.00 in a report on Friday, July 10th.

First Majestic Silver Stock Down 1.3%

Shares of AG opened at C$26.51 on Tuesday. The company has a market cap of C$13.07 billion, a PE ratio of 37.87 and a beta of 2.94. The business has a fifty day moving average of C$26.27 and a 200 day moving average of C$27.01. First Majestic Silver has a 52-week low of C$14.42 and a 52-week high of C$43.69.

First Majestic Silver (TSE:AG) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.30 earnings per share for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. The business had revenue of C$590.33 million for the quarter. As a group, research analysts anticipate that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

First Majestic Silver Dividend Announcement

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