Shares of First Majestic Silver Corp. (NYSE:AG) traded down 1.3% on Monday . The company traded as low as $16.42 and last traded at $16.56, with a volume of 2,606,801 shares. The stock had previously closed at $16.77.

A number of analysts have 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 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 note 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 stock a “buy” rating in a research note on Friday, April 15th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. First Majestic Silver Corp. currently has a consensus rating of “Hold” and a consensus target price of $9.51.

The stock’s 50 day moving average is $13.43 and its 200-day moving average is $8.15. The company’s market capitalization is $2.63 billion.

First Majestic Silver Corp. (NYSE:AG) last posted its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.00 by $0.03. The company had revenue of $66.50 million for the quarter, compared to analysts’ expectations of $64 million. The firm’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 $0.20 earnings per share for the current year.

A hedge fund recently raised its stake in First Majestic Silver Corp. stock. TD Asset Management Inc. increased its stake in shares of First Majestic Silver Corp. (NYSE:AG) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 675,054 shares of the mining company’s stock after buying an additional 24,450 shares during the period. TD Asset Management Inc. owned 0.43% of First Majestic Silver Corp. worth $2,192,000 at the end of the most recent reporting 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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