First Majestic Silver (AG) Shares Gap Up to $7.35
First Majestic Silver Corp (NYSE:AG) (TSE:FR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.71, but opened at $7.35. First Majestic Silver shares last traded at $7.39, with a volume of 2331085 shares.
Several research firms recently issued reports on AG. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of First Majestic Silver in a report on Tuesday. Zacks Investment Research cut shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BMO Capital Markets cut shares of First Majestic Silver from a “market perform” rating to an “underperform” rating in a report on Saturday, December 30th. ValuEngine raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Finally, Scotiabank cut their price target on shares of First Majestic Silver from $11.50 to $9.75 and set a “sector perform” rating for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.50.
The company has a debt-to-equity ratio of 0.04, a current ratio of 3.77 and a quick ratio of 3.38. The company has a market cap of $1,220.00, a PE ratio of 241.33 and a beta of 0.20.
About First Majestic Silver
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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