Insider Selling: First Majestic Silver Corp. (TSE:FR) Senior Officer Sells 6,857 Shares of Stock

First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) Senior Officer Amar Singh Parmar sold 6,857 shares of First Majestic Silver stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of C$10.44, for a total value of C$71,587.08.

First Majestic Silver Stock Performance

FR opened at C$10.60 on Tuesday. The company has a market capitalization of C$2.89 billion and a price-to-earnings ratio of 3,533.33. The company has a debt-to-equity ratio of 19.13, a current ratio of 1.88 and a quick ratio of 1.19. First Majestic Silver Corp. has a 1-year low of C$8.12 and a 1-year high of C$18.41. The business has a 50 day moving average price of C$11.93 and a two-hundred day moving average price of C$10.93.

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last released its earnings results on Wednesday, November 9th. The mining company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.08). The business had revenue of C$208.45 million during the quarter. Research analysts predict that First Majestic Silver Corp. will post 0.3 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Tuesday, November 22nd were given a $0.008 dividend. The ex-dividend date of this dividend was Monday, November 21st. This represents a $0.03 dividend on an annualized basis and a yield of 0.30%. First Majestic Silver’s dividend payout ratio (DPR) is 830.00%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. National Bankshares lifted their target price on First Majestic Silver from C$13.00 to C$14.50 and gave the company a “sector perform” rating in a research note on Friday, January 13th. HC Wainwright restated a “buy” rating and issued a C$12.00 target price on shares of First Majestic Silver in a research note on Friday. Cormark decreased their target price on First Majestic Silver from C$17.00 to C$15.00 in a research note on Friday. BMO Capital Markets reduced their price objective on First Majestic Silver from C$10.50 to C$9.00 in a research report on Friday. Finally, TD Securities boosted their price objective on First Majestic Silver from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Thursday, November 10th.

About First Majestic Silver

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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. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.