First Majestic Silver (NYSE:AG) issued its quarterly earnings data on Tuesday. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.06, Analyst RN reports. The company had revenue of $76.90 million for the quarter, compared to the consensus estimate of $74.38 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis.
AG has been the subject of a number of recent research reports. Analysts at Raymond James cut their price target on shares of First Majestic Silver from $18.00 to $17.00 in a research note to investors on Tuesday. They now have a “strong-buy” rating on the stock. On a related note, analysts at TheStreet upgraded shares of First Majestic Silver to a “hold” rating in a research note to investors on Friday, September 20th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.76.
First Majestic Silver (NYSE:AG) remained flat at $10.46 during trading on Wednesday. The stock had a trading volume of 217,234 shares. First Majestic Silver has a 52-week low of $8.81 and a 52-week high of $23.80. The stock’s 50-day moving average is $11.38 and its 200-day moving average is $11.96. The company has a market cap of $1.223 billion and a P/E ratio of 16.60.
First Majestic Silver Corp. (NYSE:AG), is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico.
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