First Majestic Silver Corp. (NYSE:AG) shares traded down 2.5% on Thursday . The company traded as low as $14.56 and last traded at $14.94, with a volume of 3,067,079 shares traded. The stock had previously closed at $15.32.

Several research analysts have recently issued reports on AG shares. TD Securities downgraded shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Raymond James Financial Inc. downgraded shares of First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, April 20th. Rodman & Renshaw boosted their price objective on shares of First Majestic Silver Corp. from $6.00 to $8.75 and gave the stock a “buy” rating in a report on Friday, April 15th. Desjardins upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, BMO Capital Markets cut shares of First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating and upped their target price for the company from $5.00 to $5.50 in a research note on Monday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. First Majestic Silver Corp. has a consensus rating of “Hold” and an average price target of $7.43.

The firm has a 50 day moving average of $12.31 and a 200 day moving average of $7.44. The stock’s market cap is $2.32 billion.

First Majestic Silver Corp. (NYSE:AG) last posted its earnings results on Tuesday, May 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.00 by $0.03. The company had revenue of $66.50 million for the quarter, compared to analyst estimates of $64 million. The business’s revenue was up 21.8% on a year-over-year basis. Equities analysts predict that First Majestic Silver Corp. will post $0.14 EPS for the current fiscal year.

Other hedge funds recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in First Majestic Silver Corp. by 20.7% in the fourth quarter. Alps Advisors Inc. now owns 421,523 shares of the mining company’s stock worth $1,378,000 after buying an additional 72,147 shares in the last quarter. TD Asset Management Inc. boosted its stake in First Majestic Silver Corp. by 3.8% in the fourth quarter. TD Asset Management Inc. now owns 675,054 shares of the mining company’s stock worth $2,192,000 after buying an additional 24,450 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in First Majestic Silver Corp. by 54.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 980,650 shares of the mining company’s stock worth $3,207,000 after buying an additional 344,347 shares in the last quarter.

First Majestic Silver Corp is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.