First Majestic Silver (NYSE:AG) Announces Earnings Results, Misses Expectations By $0.02 EPS

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR issued its earnings results on Thursday. The mining company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02), Zacks reports. The business had revenue of $172.34 million for the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%.

First Majestic Silver Price Performance

Shares of First Majestic Silver stock traded down $0.22 on Friday, reaching $5.55. The stock had a trading volume of 25,372,832 shares, compared to its average volume of 18,162,666. First Majestic Silver has a 1 year low of $4.28 and a 1 year high of $8.44. The company has a market cap of $1.73 billion, a P/E ratio of -20.54 and a beta of 1.24. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $5.68 and its two-hundred day moving average is $6.01.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.41%. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Friday, February 28th. First Majestic Silver's dividend payout ratio is presently -7.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday. Scotiabank cut their target price on shares of First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 15th. Finally, HC Wainwright reissued a "buy" rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.