First Majestic Silver Corp. (NYSE:AG) (TSE:FR) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.60.

Several research analysts have recently weighed in on AG shares. BMO Capital Markets reiterated a “buy” rating on shares of First Majestic Silver in a research note on Monday, December 17th. ValuEngine upgraded shares of First Majestic Silver from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 25th. HC Wainwright restated a “buy” rating and set a $7.50 target price on shares of First Majestic Silver in a research note on Tuesday, January 15th. B. Riley began coverage on shares of First Majestic Silver in a research note on Friday, March 1st. They set a “neutral” rating and a $6.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Tuesday, March 19th.

AG stock traded up $0.01 on Wednesday, hitting $6.28. The company had a trading volume of 91,579 shares, compared to its average volume of 2,971,036. First Majestic Silver has a 12-month low of $4.59 and a 12-month high of $8.48. The company has a current ratio of 2.86, a quick ratio of 2.30 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.22 billion, a P/E ratio of -29.90 and a beta of -0.13.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Monday, February 25th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). First Majestic Silver had a negative return on equity of 5.77% and a negative net margin of 67.85%. The company had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $116.30 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, equities analysts predict that First Majestic Silver will post 0.07 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC bought a new stake in shares of First Majestic Silver in the 4th quarter worth about $70,000. North Star Investment Management Corp. grew its holdings in First Majestic Silver by 166.7% during the 4th quarter. North Star Investment Management Corp. now owns 16,000 shares of the mining company’s stock valued at $94,000 after purchasing an additional 10,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in First Majestic Silver during the 4th quarter valued at about $109,000. Legal & General Group Plc grew its holdings in First Majestic Silver by 226.0% during the 3rd quarter. Legal & General Group Plc now owns 46,600 shares of the mining company’s stock valued at $264,000 after purchasing an additional 32,305 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in First Majestic Silver by 12.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,059 shares of the mining company’s stock valued at $265,000 after purchasing an additional 5,038 shares during the last quarter. Institutional investors own 26.28% of the company’s stock.

About First Majestic Silver

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.

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Analyst Recommendations for First Majestic Silver (NYSE:AG)

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