Shares of First Majestic Silver Corp. (NYSE:AG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.09 and last traded at $17.04, with a volume of 5,514,099 shares. The stock had previously closed at $15.41.

A number of analysts recently issued reports on AG shares. Rodman & Renshaw increased their price target 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. 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. Desjardins downgraded shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. Finally, Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. First Majestic Silver Corp. has an average rating of “Hold” and an average target price of $8.76.

The firm’s market capitalization is $2.65 billion. The company’s 50 day moving average price is $12.89 and its 200 day moving average price is $7.82.

First Majestic Silver Corp. (NYSE:AG) last announced its earnings results on Tuesday, May 10th. The mining company reported $0.03 EPS 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 firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts anticipate that First Majestic Silver Corp. will post $0.14 EPS for the current fiscal year.

Several institutional investors have made changes to their positions in AG. Commerzbank Aktiengesellschaft FI boosted 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 worth $3,207,000 after buying an additional 344,347 shares during the last quarter. TD Asset Management Inc. raised its position 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 during the period. Finally, Alps Advisors Inc. raised 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 during the period.

First Majestic Silver Corp. (First Majestic) is a mining company. The Company 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 operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.

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