BMO Capital Markets assumed coverage on shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in a research note published on Friday. The firm issued a market perform rating on the mining company’s stock.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded First Majestic Silver Corp. from a hold rating to a buy rating and set a $7.75 price objective on the stock in a report on Friday, October 20th. Scotiabank decreased their price objective on First Majestic Silver Corp. from $11.50 to $9.75 and set a sector perform rating on the stock in a report on Friday, November 3rd. HC Wainwright restated a buy rating and issued a $14.00 price objective on shares of First Majestic Silver Corp. in a report on Friday, November 3rd. BidaskClub lowered First Majestic Silver Corp. from a hold rating to a sell rating in a report on Wednesday, August 9th. Finally, ValuEngine lowered First Majestic Silver Corp. from a hold rating to a sell rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $10.50.

Shares of First Majestic Silver Corp. (NYSE AG) traded up $0.22 during mid-day trading on Friday, reaching $6.79. The company’s stock had a trading volume of 2,655,412 shares, compared to its average volume of 3,933,812. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.38 and a current ratio of 3.77. First Majestic Silver Corp. has a 12 month low of $5.92 and a 12 month high of $10.92.

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Several hedge funds and other institutional investors have recently bought and sold shares of AG. Van ECK Associates Corp raised its holdings in shares of First Majestic Silver Corp. by 71.0% during the 2nd quarter. Van ECK Associates Corp now owns 19,593,256 shares of the mining company’s stock worth $162,820,000 after acquiring an additional 8,137,139 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of First Majestic Silver Corp. by 513.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,109,456 shares of the mining company’s stock worth $14,429,000 after acquiring an additional 1,765,678 shares during the period. ETF Managers Group LLC purchased a new position in shares of First Majestic Silver Corp. during the 2nd quarter worth $5,591,000. Alps Advisors Inc. raised its holdings in shares of First Majestic Silver Corp. by 93.8% during the 2nd quarter. Alps Advisors Inc. now owns 1,235,506 shares of the mining company’s stock worth $10,267,000 after acquiring an additional 598,077 shares during the period. Finally, Ninepoint Partners LP purchased a new position in shares of First Majestic Silver Corp. during the 3rd quarter worth $3,787,000. Institutional investors and hedge funds own 29.38% of the company’s stock.

First Majestic Silver Corp. Company Profile

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.

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

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