Revenue Update on First Majestic Silver Corp(NYSE:AG)

First Majestic Silver Corp(NYSE:AG) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $66.200M. Analysts estimated a revenue of $78.330M. The revenues were -15.49% below the estimates. Earnings per share were $-0.01. The reported EPS was below estimates by -200%. Analysts had estimated an EPS of $0.01.

First Majestic Silver Corp (AG) shares turned negative on Wednesdays trading session with the shares closing down -0.46 points or -4.70% at a volume of 76,25,561. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10. The peak price level was also seen at $10 while the days lowest was $9.14. Finally the shares closed at $9.33. The 52-week high of the shares is $19.15 while the 52-week low is $4.25. According to the latest information available, the market cap of the company is $1,533 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.

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