First Majestic Silver Corp. (NYSE:AG) (TSE:FR) – Analysts at National Bank Financial increased their FY2018 earnings per share estimates for First Majestic Silver Corp. in a research note issued on Wednesday. National Bank Financial analyst G. Doyle now forecasts that the firm will post earnings of $0.52 per share for the year, up from their prior estimate of $0.44. National Bank Financial has a “Outperform Market Weight” rating on the stock.

Earnings History and Estimates for First Majestic Silver Corp. (NYSE:AG)

Several other analysts have also recently commented on AG. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, July 19th. TD Securities reiterated a “hold” rating and set a $23.00 target price (up previously from $18.00) on shares of First Majestic Silver Corp. in a research report on Saturday, August 13th. TheStreet cut shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Desjardins upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, October 20th. Finally, Citigroup Inc. upgraded shares of First Majestic Silver Corp. to a “market perform” rating and set a $11.00 price objective for the company in a research report on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. First Majestic Silver Corp. currently has a consensus rating of “Hold” and a consensus target price of $14.55.

Shares of First Majestic Silver Corp. (NYSE:AG) traded down 2.44% during midday trading on Monday, reaching $8.79. 4,085,091 shares of the company’s stock traded hands. The company’s market capitalization is $1.44 billion. First Majestic Silver Corp. has a one year low of $2.40 and a one year high of $19.15. The company has a 50-day moving average of $8.72 and a 200-day moving average of $12.21.

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position 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 position in First Majestic Silver Corp. during the second quarter worth about $623,000. Creative Planning boosted its position 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. Quantbot Technologies LP purchased a new position in First Majestic Silver Corp. during the third quarter worth about $585,000. Finally, Schroder Investment Management Group purchased a new position in First Majestic Silver Corp. during the second quarter worth about $271,000. Hedge funds and other institutional investors own 38.12% of the company’s stock.

First Majestic Silver Corp. Company Profile

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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