First Majestic Silver (AG) Upgraded to “Hold” by ValuEngine
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.
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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.
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