Shares of First Majestic Silver Corp. (NYSE:AG) shot up 7.1% during mid-day trading on Friday . The company traded as high as $15.94 and last traded at $15.90, with a volume of 5,571,144 shares. The stock had previously closed at $14.85.

Several analysts recently weighed in on AG shares. Desjardins upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, April 26th. BMO Capital Markets downgraded shares of First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating and lifted their target price for the company from $5.00 to $5.50 in a report on Monday, March 14th. 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. Finally, TD Securities cut shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. First Majestic Silver Corp. currently has a consensus rating of “Hold” and a consensus price target of $7.43.

The stock has a 50 day moving average of $12.44 and a 200-day moving average of $7.54. The stock’s market capitalization is $2.50 billion.

First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.00 by $0.03. The firm had revenue of $66.50 million for the quarter, compared to analysts’ expectations of $64 million. First Majestic Silver Corp.’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities analysts anticipate that First Majestic Silver Corp. will post $0.14 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI increased its position in shares of 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 valued at $3,207,000 after buying an additional 344,347 shares during the last quarter. Alps Advisors Inc. raised its position in shares of 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 valued at $1,378,000 after buying an additional 72,147 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of 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 valued at $2,192,000 after buying an additional 24,450 shares during the period.

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.

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