Shares of First Majestic Silver Corp. (NYSE:AG) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.25.

Several brokerages have issued reports on AG. TD Securities reissued a “hold” rating and issued a $23.00 price objective (up from $18.00) on shares of First Majestic Silver Corp. in a research note on Saturday, August 13th. Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, August 15th. BMO Capital Markets reissued a “sell” rating and issued a $10.00 price objective on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. TheStreet cut shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Finally, Desjardins raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, October 20th.

Several institutional investors have recently bought and sold shares of the company. Kazazian Asset Management LLC boosted its position in First Majestic Silver Corp. by 869.8% in the first quarter. Kazazian Asset Management LLC now owns 222,374 shares of the mining company’s stock worth $145,000 after buying an additional 199,443 shares during the period. National Planning Corp acquired a new stake in First Majestic Silver Corp. during the first quarter valued at approximately $226,000. Anchor Bolt Capital LP acquired a new stake in First Majestic Silver Corp. during the first quarter valued at approximately $1,520,000. BNP Paribas Arbitrage SA raised its stake in First Majestic Silver Corp. by 0.7% in the second quarter. BNP Paribas Arbitrage SA now owns 55,568 shares of the mining company’s stock valued at $801,000 after buying an additional 365 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in First Majestic Silver Corp. during the second quarter valued at approximately $1,841,000. 37.30% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Corp. (NYSE:AG) opened at 8.82 on Tuesday. The firm’s 50-day moving average is $8.83 and its 200 day moving average is $12.21. The stock’s market capitalization is $1.45 billion. First Majestic Silver Corp. has a 12-month low of $2.40 and a 12-month high of $19.15.

First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The firm earned $66.10 million during the quarter. First Majestic Silver Corp. had a negative net margin of 34.63% and a positive return on equity of 3.16%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Equities analysts expect that First Majestic Silver Corp. will post $0.15 EPS for the current year.

About First Majestic Silver Corp.

First Majestic Silver Corp. (First Majestic) is a mining company. The Company 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 operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.

5 Day Chart for NYSE:AG

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