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

First Majestic Silver Corp. (TSE:AG) has earned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$33.40.

AG has been the topic of a number of recent research reports. 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 report on Tuesday, March 24th. Scotiabank raised First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Finally, TD Securities lifted their target price on First Majestic Silver from C$22.00 to C$36.00 in a research report on Thursday, January 22nd.

First Majestic Silver Stock Down 7.8%

Shares of AG opened at C$25.87 on Wednesday. The company’s fifty day moving average is C$29.25 and its two-hundred day moving average is C$27.18. The firm has a market cap of C$12.77 billion, a PE ratio of 43.85 and a beta of 2.85. First Majestic Silver has a fifty-two week low of C$7.77 and a fifty-two week high of C$43.69.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. The company had revenue of C$662.71 million during the quarter. As a group, equities research analysts anticipate 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.