First Majestic Silver (TSE:AG) Announces Quarterly Earnings Results

First Majestic Silver (TSE:AG) issued its quarterly earnings data on Tuesday. The company reported C$0.43 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$662.71 million during the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%.

First Majestic Silver Stock Up 2.8%

Shares of TSE:AG opened at C$33.20 on Wednesday. The company has a market cap of C$16.39 billion, a P/E ratio of 97.65 and a beta of 2.85. First Majestic Silver has a 52 week low of C$7.67 and a 52 week high of C$43.69. The business has a fifty day simple moving average of C$30.17 and a 200-day simple moving average of C$26.78.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AG shares. Scotiabank raised First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd. TD Securities lifted their price objective on First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. Finally, BMO Capital Markets raised First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective for the company in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$33.40.

About First Majestic Silver

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.