ValuEngine upgraded shares of First Majestic Silver (NYSE:AG) (TSE:FR) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Several other research firms also recently issued reports on AG. Zacks Investment Research upgraded shares of First Majestic Silver from a strong sell rating to a hold rating in a report on Wednesday, October 4th. HC Wainwright reiterated a buy rating and issued a $14.00 target price on shares of First Majestic Silver in a research report on Wednesday, October 18th. Scotiabank dropped their target price on First Majestic Silver from $11.50 to $9.75 and set a sector perform rating on the stock in a research report on Friday, November 3rd. Finally, BMO Capital Markets initiated coverage on First Majestic Silver in a research report on Friday, November 17th. They issued a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $10.50.

Shares of First Majestic Silver (NYSE AG) traded down $0.09 during trading on Thursday, reaching $7.26. 3,448,100 shares of the company’s stock were exchanged, compared to its average volume of 3,806,405. The company has a quick ratio of 3.38, a current ratio of 3.77 and a debt-to-equity ratio of 0.04. First Majestic Silver has a fifty-two week low of $5.92 and a fifty-two week high of $10.92.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its stake in shares of First Majestic Silver by 1,046.9% in the 2nd quarter. Sei Investments Co. now owns 12,157 shares of the mining company’s stock worth $101,000 after acquiring an additional 11,097 shares during the last quarter. Advisor Group Inc. increased its stake in shares of First Majestic Silver by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 43,521 shares of the mining company’s stock worth $102,000 after acquiring an additional 695 shares during the last quarter. Scotia Capital Inc. acquired a new stake in shares of First Majestic Silver in the 2nd quarter worth $105,000. Quantbot Technologies LP acquired a new stake in shares of First Majestic Silver in the 2nd quarter worth $126,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Majestic Silver by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock worth $129,000 after acquiring an additional 2,408 shares during the last quarter. 30.06% of the stock is owned by hedge funds and other institutional investors.

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First Majestic Silver 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 (NYSE:AG)

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