TD Securities Issues Positive Forecast for First Majestic Silver (TSE:AG) Stock Price

First Majestic Silver (TSE:AG) had its price objective upped by analysts at TD Securities from C$22.00 to C$36.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 8.50% from the stock’s previous close.

A number of other analysts also recently issued reports on AG. BMO Capital Markets raised their price objective on First Majestic Silver from C$18.50 to C$21.00 in a research report on Thursday, October 9th. National Bankshares raised shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$20.00 to C$22.00 in a research note on Monday, October 6th. National Bank Financial raised shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 5th. Finally, Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, First Majestic Silver currently has a consensus rating of “Buy” and an average target price of C$30.60.

First Majestic Silver Stock Performance

Shares of TSE AG traded up C$2.47 during midday trading on Thursday, reaching C$33.18. 1,849,168 shares of the stock were exchanged, compared to its average volume of 2,429,793. The stock has a market capitalization of C$16.26 billion, a P/E ratio of 237.00 and a beta of 1.65. The company has a 50 day simple moving average of C$22.56 and a 200 day simple moving average of C$17.34. First Majestic Silver has a twelve month low of C$7.40 and a twelve month high of C$33.58.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$396.93 million for the quarter. First Majestic Silver had a negative return on equity of 5.74% and a negative net margin of 14.81%. On average, research analysts expect that First Majestic Silver will post 0.4623323 earnings per share for the current year.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.