First Majestic targets quarterly dividend at 2% of net quarterly revenues per share
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"
Wall Street's median 12-month price target for First Majestic Silver Corp is C$35.00, about 63.5% above its July 29 closing price of C$21.41
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 20 three months ago
Revenue and earnings drivers
Higher metal prices - Co said 90% higher realized silver prices and 40% higher realized gold prices were the main drivers of revenue and earnings growth
Sales volume gains - Revenue growth also supported by 57% and 22% increases in silver ounces sold at La Encantada and Santa Elena, respectively
Cost increases - Cash costs and AISC per silver equivalent ounce rose due to operational disruptions, stronger Mexican peso, and higher mining activity costs
Q2 revenue rises on higher metal prices
Canada silver and gold miner's Q2 revenue rose 57% yr/yr, driven by higher metal prices
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