First Majestic Silver Corp. (TSE:AG) Given Average Rating of “Buy” by Analysts

First Majestic Silver Corp. (TSE:AG) has received an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$33.40.

A number of research firms recently issued reports on AG. BMO Capital Markets raised First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research note on Tuesday, March 24th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd.

First Majestic Silver Stock Performance

AG stock opened at C$24.67 on Friday. First Majestic Silver has a 1 year low of C$10.69 and a 1 year high of C$43.69. The stock’s 50 day moving average price is C$28.04 and its 200 day moving average price is C$28.34. The firm has a market cap of C$12.18 billion, a P/E ratio of 41.81 and a beta of 2.66.

First Majestic Silver (TSE:AG) last posted its earnings results on Tuesday, May 12th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Majestic Silver had a return on equity of 10.82% and a net margin of 19.45%.The firm had revenue of C$662.71 million for the quarter. On average, research analysts predict 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.