Shares of First Majestic Silver Crash After Earnings Report
Shares of precious metals miner First Majestic Silver (NYSE: AG) are down 14.8% as of 12:00 p.m. EDT today. The force driving today's decline was the company's second-quarter earnings report that didn't live up to expectations.
According to analyst estimates, First Majestic's earnings were going to come in at an adjusted net profit of $0.01 per share. After stripping out some one-time gains, though, First Majestic posted an adjusted $0.02 per share loss.
To make matters worse, total silver equivalent ounces produced and revenues declined, while cash and all-in sustaining costs increased. All of these elements led to weaker cash flows for the quarter, which forced management to cut its capital spending guidance to $17.5 million for the year.
Source: Fool.com
First Majestic Silver Corp. Aktie
Positive Einschätzungen für First Majestic Silver Corp. überwiegen: Mehrere Buy-, keine Sell-Einschätzungen.
Ein leicht positives Potenzial wird für First Majestic Silver Corp. mit einem Kursziel von 6 € im Vergleich zu 5.82 € gesehen.
