First Majestic Silver (AG) Scheduled to Post Quarterly Earnings on Thursday

First Majestic Silver (NYSE:AG) (TSE:FR) is set to issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Wednesday, May 8th. The mining company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $106.01 million during the quarter. First Majestic Silver had a negative return on equity of 3.28% and a negative net margin of 9.18%. On average, analysts expect First Majestic Silver to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $6.24 on Wednesday. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.05. First Majestic Silver has a 52-week low of $4.17 and a 52-week high of $8.44. The company has a current ratio of 2.33, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18.

First Majestic Silver Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.004 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. First Majestic Silver’s payout ratio is -6.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AG shares. Scotiabank increased their price objective on shares of First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. HC Wainwright restated a “buy” rating and set a $8.50 price objective on shares of First Majestic Silver in a research report on Friday, July 19th.

About First Majestic Silver

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.