First Majestic Silver Corp. (NYSE:AG) was upgraded by stock analysts at National Bank Financial from a “sector perform overweight” rating to an “outperform market weight” rating in a report issued on Wednesday.

A number of other research firms have also recently weighed in on AG. BMO Capital Markets raised First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a report on Thursday. Raymond James Financial Inc. raised First Majestic Silver Corp. from an “underperform” rating to a “mkt perform” rating in a report on Tuesday, October 25th. Citigroup Inc. raised First Majestic Silver Corp. to a “market perform” rating and set a $11.00 price target for the company in a report on Tuesday, October 25th. Desjardins raised First Majestic Silver Corp. from a “hold” rating to a “buy” rating in a report on Thursday, October 20th. Finally, Zacks Investment Research cut First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.55.

Analyst Recommendations for First Majestic Silver Corp. (NYSE:AG)

First Majestic Silver Corp. (NYSE:AG) opened at 8.02 on Wednesday. First Majestic Silver Corp. has a one year low of $2.40 and a one year high of $19.15. The stock’s market capitalization is $1.31 billion. The company’s 50-day moving average price is $8.72 and its 200-day moving average price is $12.21.

A number of large investors have recently bought and sold shares of AG. JPMorgan Chase & Co. increased its stake in First Majestic Silver Corp. by 2,992.5% in the second quarter. JPMorgan Chase & Co. now owns 50,903 shares of the mining company’s stock worth $691,000 after buying an additional 49,257 shares during the period. Hanseatic Management Services Inc. purchased a new stake in First Majestic Silver Corp. during the second quarter worth about $623,000. Creative Planning increased its stake in First Majestic Silver Corp. by 1.5% in the second quarter. Creative Planning now owns 33,942 shares of the mining company’s stock worth $461,000 after buying an additional 506 shares during the period. Schroder Investment Management Group purchased a new stake in First Majestic Silver Corp. during the second quarter worth about $271,000. Finally, ING Groep NV purchased a new stake in First Majestic Silver Corp. during the second quarter worth about $162,000. 37.30% of the stock is owned by hedge funds and other institutional investors.

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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