First Majestic Silver Corp. (NYSE:AG) saw strong trading volume on Monday . 6,086,026 shares were traded during trading, a decline of 7% from the previous session’s volume of 6,540,597 shares.The stock last traded at $16.54 and had previously closed at $15.97.

Several research analysts have recently commented on the company. TD Securities lowered First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Raymond James Financial Inc. lowered First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, April 20th. Rodman & Renshaw lifted their target price on First Majestic Silver Corp. from $6.00 to $8.75 and gave the company a “buy” rating in a report on Friday, April 15th. Desjardins upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, TheStreet upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. First Majestic Silver Corp. currently has a consensus rating of “Hold” and an average price target of $7.43.

The firm’s market capitalization is $2.57 billion. The stock has a 50 day moving average price of $12.59 and a 200 day moving average price of $7.69.

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

Several hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased 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 during the last quarter. Commerzbank Aktiengesellschaft FI increased 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 during the last quarter. Finally, TD Asset Management Inc. increased its stake 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 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.