First Majestic Silver Corp. (NYSE:AG) shares fell 1.3% during mid-day trading on Monday . The stock 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.

Several research firms have recently issued reports on AG. 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 research report on Wednesday, April 20th. Rodman & Renshaw raised their price target on First Majestic Silver Corp. from $6.00 to $8.75 and gave the stock a “buy” rating in a research report on Friday, April 15th. Desjardins upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research 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, July 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.51.

The stock’s market cap is $2.45 billion. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $8.21.

First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings results on Tuesday, May 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.00 by $0.03. The company had revenue of $66.50 million for the quarter, compared to analyst estimates of $64 million. The company’s revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that First Majestic Silver Corp. will post $0.20 earnings per share for the current fiscal year.

An institutional investor recently raised its position in First Majestic Silver Corp. stock. TD Asset Management Inc. increased its stake in First Majestic Silver Corp. (NYSE:AG) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 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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