Somewhat Positive Press Coverage Somewhat Unlikely to Impact First Majestic Silver Corp. (AG) Stock Price
Headlines about First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Majestic Silver Corp. earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the mining company an impact score of 45.7966330804115 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- First Majestic Silver Corp. (AG) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Active Stocks Getting Hammered: First Majestic Silver Corp. (NYSE:AG) – NASDAQ Times (nasdaqtimes.com)
- These Silver Miners Keep Improving Costs (finance.yahoo.com)
- First Majestic Silver Corp. (AG)- Stocks Ensnare on Price Valuation … – NASDAQ Times (nasdaqtimes.com)
- Why First Majestic Silver Corp. (AG) Is Being Added to Investors Watchlist? – StockNewsGazette (stocknewsgazette.com)
Shares of First Majestic Silver Corp. (AG) traded up 4.78% on Tuesday, hitting $7.45. 5,217,940 shares of the stock were exchanged. The firm’s 50-day moving average is $7.09 and its 200-day moving average is $8.00. The company has a market cap of $1.23 billion, a P/E ratio of 95.51 and a beta of 0.28. First Majestic Silver Corp. has a one year low of $5.92 and a one year high of $13.76.
First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last issued its quarterly earnings results on Thursday, August 3rd. The mining company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $77.62 million. First Majestic Silver Corp. had a net margin of 5.11% and a return on equity of 1.60%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 EPS. On average, equities analysts forecast that First Majestic Silver Corp. will post $0.02 EPS for the current fiscal year.
Several equities analysts have issued reports on AG shares. BidaskClub lowered First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of First Majestic Silver Corp. in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.67.
About First Majestic Silver Corp.
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.
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