First Majestic Silver Corp (AG) Releases Earnings Results, Misses Expectations By $-0.01 EPS

First Majestic Silver Corp (AG) reported quarterly earnings results on Wednesday, Aug-10-2016. The company reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.05. The company posted revenue of $66.10 million in the period. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on First Majestic Silver Corp. First Majestic Silver Corp was Downgraded by TD Securities to ” Hold” on Jun 29, 2016.

First Majestic Silver Corp opened for trading at $17.77 and hit $18.5597 on the upside on Monday, eventually ending the session at $18.16, with a gain of 1.85% or 0.33 points. The heightened volatility saw the trading volume jump to 48,64,123 shares. Company has a market cap of $2,834 M.

First Majestic Silver Corp 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 has eight segments including five operating segments located in Mexico one development project in Mexico one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Company’s other exploration properties. All of the Company’s operations are within the mining industry and its products are silver dore silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine La Parrilla Silver Mine Del Toro Silver Mine San Martin Silver Mine La Guitarra Silver Mine La Luz Silver Project Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.

First Majestic Silver Corp

Leave a Reply

First Majestic Silver Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on First Majestic Silver Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.