First Majestic Silver Corp. (NYSE:AG) shares rose 5.4% during trading on Thursday . The stock traded as high as $16.07 and last traded at $15.90, with a volume of 3,965,098 shares trading hands. The stock had previously closed at $15.08.

AG has been the subject of several recent research reports. Raymond James Financial Inc. cut First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, April 20th. TheStreet upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Zacks Investment Research upgraded First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, April 26th. Desjardins lowered First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. Finally, Rodman & Renshaw upped their price objective on First Majestic Silver Corp. from $6.00 to $8.75 and gave the company a “buy” rating in a research note on Friday, April 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. First Majestic Silver Corp. has a consensus rating of “Hold” and an average price target of $9.51.

The stock’s market cap is $2.44 billion. The firm has a 50-day moving average price of $13.96 and a 200 day moving average price of $8.40.

First Majestic Silver Corp. (NYSE:AG) last issued 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 firm earned $66.50 million during the quarter, compared to the consensus estimate of $64 million. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that First Majestic Silver Corp. will post $0.20 EPS for the current year.

An institutional investor recently raised its position in First Majestic Silver Corp. stock. TD Asset Management Inc. increased its position in shares of 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 institutional investor 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 about 0.43% of First Majestic Silver Corp. worth $2,192,000 as of its most recent filing with the SEC.

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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