First Majestic Silver Corp. (NYSE:AG)’s share price fell 4.4% during trading on Monday . The company traded as low as $14.48 and last traded at $14.90, with a volume of 4,169,243 shares. The stock had previously closed at $15.59.

A number of research firms recently commented on AG. TD Securities lowered shares of 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 shares of 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 shares of 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 shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. First Majestic Silver Corp. currently has an average rating of “Hold” and an average target price of $9.51.

The company’s market cap is $2.34 billion. The firm’s 50 day moving average price is $13.96 and its 200-day moving average price is $8.40.

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, topping 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 company’s revenue for the quarter was up 21.8% compared to the same quarter last year. 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. boosted its position in First Majestic Silver Corp. (NYSE:AG) by 3.8% during the fourth quarter, according to its most recent disclosure 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 approximately 0.43% of First Majestic Silver Corp. worth $2,192,000 as of its most recent SEC filing.

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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