First Majestic Silver (TSE:AG) Price Target Raised to C$36.00

First Majestic Silver (TSE:AG) had its target price increased by TD Securities from C$22.00 to C$36.00 in a research report report published on Thursday morning,BayStreet.CA reports.

AG has been the subject of a number of other research reports. Cormark upgraded shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. BMO Capital Markets lifted their price target on First Majestic Silver from C$18.50 to C$21.00 in a research note on Thursday, October 9th. National Bankshares upgraded First Majestic Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$20.00 to C$22.00 in a research report on Monday, October 6th. Finally, National Bank Financial raised First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$30.60.

First Majestic Silver Trading Up 4.4%

Shares of TSE:AG opened at C$34.82 on Thursday. First Majestic Silver has a 12-month low of C$7.40 and a 12-month high of C$34.90. The business has a 50 day moving average of C$23.24 and a two-hundred day moving average of C$17.65. The company has a market capitalization of C$17.06 billion, a PE ratio of 248.71 and a beta of 1.65.

First Majestic Silver (TSE:AG) last posted its earnings results on Wednesday, November 5th. The company reported C$0.06 earnings per share for the quarter. First Majestic Silver had a negative net margin of 14.81% and a negative return on equity of 5.74%. The firm had revenue of C$396.93 million during the quarter. Equities research analysts predict that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

First Majestic Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were paid a dividend of $0.0052 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, November 14th. First Majestic Silver’s payout ratio is 14.14%.

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.