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

Several equities research analysts recently weighed in on the stock. TD Securities downgraded shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research 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 research report on Wednesday, April 20th. Rodman & Renshaw raised their price target on shares of First Majestic Silver Corp. from $6.00 to $8.75 and gave the company a “buy” rating in a research report on Friday, April 15th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.43.

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

First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.00 by $0.03. The business earned $66.50 million during the quarter, compared to analyst estimates of $64 million. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts expect that First Majestic Silver Corp. will post $0.14 earnings per share for the current year.

Other hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised 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 valued at $1,378,000 after buying an additional 72,147 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised 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 valued at $3,207,000 after buying an additional 344,347 shares in the last quarter. Finally, TD Asset Management Inc. raised 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 valued at $2,192,000 after buying an additional 24,450 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.

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