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

A number of brokerages have weighed in on AG. 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. Raymond James Financial Inc. cut 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 lifted 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 research 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.43.

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

First Majestic Silver Corp. (NYSE:AG) last issued its earnings results on Tuesday, May 10th. The mining company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts anticipate that First Majestic Silver Corp. will post $0.14 EPS for the current year.

Other institutional investors have modified their holdings of the company. TD Asset Management Inc. increased 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 worth $2,192,000 after buying an additional 24,450 shares in the last quarter. Alps Advisors Inc. increased its position 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. Finally, Commerzbank Aktiengesellschaft FI increased its position 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.

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