First Majestic Silver Corp. (NYSE:AG) (TSE:FR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada. “

A number of other research firms have also recently commented on AG. Raymond James Financial Inc. upgraded First Majestic Silver Corp. from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, October 25th. TheStreet cut First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. BMO Capital Markets upgraded First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 10th. National Bank Financial upgraded First Majestic Silver Corp. from a “sector perform overweight” rating to an “outperform market weight” rating in a research report on Wednesday, November 9th. Finally, Citigroup Inc. upgraded 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. First Majestic Silver Corp. has a consensus rating of “Hold” and a consensus target price of $14.55.

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

Shares of First Majestic Silver Corp. (NYSE:AG) opened at 8.80 on Tuesday. The company has a 50-day moving average of $8.54 and a 200 day moving average of $12.19. First Majestic Silver Corp. has a one year low of $2.40 and a one year high of $19.15. The firm’s market cap is $1.44 billion.

Hedge funds have recently modified their holdings of the company. Stevens Capital Management LP purchased a new stake in shares of First Majestic Silver Corp. during the third quarter worth about $120,000. Geneva Advisors LLC boosted its stake in shares of First Majestic Silver Corp. by 2.5% in the third quarter. Geneva Advisors LLC now owns 12,300 shares of the mining company’s stock worth $127,000 after buying an additional 300 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of First Majestic Silver Corp. during the third quarter worth about $131,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Majestic Silver Corp. by 10.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,128 shares of the mining company’s stock worth $135,000 after buying an additional 1,258 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of First Majestic Silver Corp. during the second quarter worth about $136,000. Institutional investors and hedge funds own 38.12% of the company’s stock.

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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