First Majestic Silver Corp. to Post FY2016 Earnings of $0.24 Per Share, National Bank Financial Forecasts (FR)

First Majestic Silver Corp. (TSE:FR) – Analysts at National Bank Financial dropped their FY2016 EPS estimates for shares of First Majestic Silver Corp. in a report released on Wednesday. National Bank Financial analyst G. Doyle now expects that the brokerage will post earnings per share of $0.24 for the year, down from their prior estimate of $0.25. National Bank Financial also issued estimates for First Majestic Silver Corp.’s FY2017 earnings at $0.43 EPS.

Earnings History and Estimates for First Majestic Silver Corp. (TSE:FR)

Separately, Raymond James Financial Inc. reduced their target price on First Majestic Silver Corp. from C$11.25 to C$8.00 in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. First Majestic Silver Corp. has a consensus rating of “Hold” and a consensus price target of C$7.42.

First Majestic Silver Corp. (TSE:FR) traded down 3.01% on Friday, hitting $10.30. The company had a trading volume of 928,310 shares. The firm has a 50-day moving average price of $14.63 and a 200-day moving average price of $15.69. First Majestic Silver Corp. has a 12-month low of $3.50 and a 12-month high of $24.96. The firm’s market capitalization is $1.69 billion.

In related news, insider Jill Anne Arias sold 6,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of C$24.20, for a total transaction of C$145,200.00.

About First Majestic Silver Corp.

First Majestic Silver Corp. (First Majestic) is a mining company. The Company is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.

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