First Majestic Silver (AG) Given a $12.00 Price Target by HC Wainwright Analysts
First Majestic Silver (NYSE:AG) (TSE:FR) has been given a $12.00 target price by research analysts at HC Wainwright in a report released on Wednesday. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s target price indicates a potential upside of 98.02% from the company’s current price.
Several other equities research analysts have also recently weighed in on AG. BMO Capital Markets initiated coverage on shares of First Majestic Silver in a research report on Friday, November 17th. They set a “market perform” rating for the company. ValuEngine upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research cut shares of First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 25th. Finally, National Bank Financial cut shares of First Majestic Silver from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.83.
Shares of First Majestic Silver (NYSE AG) opened at $6.06 on Wednesday. First Majestic Silver has a 12-month low of $4.93 and a 12-month high of $9.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.79 and a current ratio of 3.14. The firm has a market cap of $989.40, a price-to-earnings ratio of -18.94 and a beta of 0.32.
Hedge funds and other institutional investors have recently modified their holdings of the stock. ING Groep NV boosted its stake in First Majestic Silver by 60.1% during the third quarter. ING Groep NV now owns 26,420 shares of the mining company’s stock worth $181,000 after acquiring an additional 9,920 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in First Majestic Silver by 170.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,852 shares of the mining company’s stock worth $215,000 after acquiring an additional 20,064 shares in the last quarter. Two Sigma Securities LLC bought a new position in First Majestic Silver during the fourth quarter worth $215,000. Royal Bank of Canada boosted its stake in First Majestic Silver by 17.6% during the second quarter. Royal Bank of Canada now owns 41,810 shares of the mining company’s stock worth $347,000 after acquiring an additional 6,261 shares in the last quarter. Finally, Cypress Wealth Services LLC bought a new position in First Majestic Silver during the fourth quarter worth $294,000. 29.58% of the stock is currently owned by institutional investors and hedge funds.
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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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