First Majestic Silver Corp. (AG) Trading Up 5.8%
First Majestic Silver Corp. (NYSE:AG) was up 5.8% during trading on Wednesday . The company traded as high as $16.58 and last traded at $16.56, with a volume of 4,559,554 shares trading hands. The stock had previously closed at $15.65.
A number of equities research analysts recently commented on AG shares. Rodman & Renshaw increased their target price on shares of First Majestic Silver Corp. from $6.00 to $8.75 and gave the company a “buy” rating in a research report on Friday, April 15th. TD Securities cut 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. cut shares of First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, April 20th. Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, July 19th. Finally, Desjardins cut shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. First Majestic Silver Corp. has an average rating of “Hold” and an average target price of $9.51.
The stock’s 50-day moving average price is $14.30 and its 200 day moving average price is $8.71. The company’s market cap is $2.59 billion.
First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 earnings per share 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 business’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that First Majestic Silver Corp. will post $0.20 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in First Majestic Silver Corp. stock. TD Asset Management Inc. raised its position in shares of First Majestic Silver Corp. (NYSE:AG) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.