First Majestic Silver Corp. (AG) Hits New 52-Week High at $17.47
Shares of First Majestic Silver Corp. (NYSE:AG) reached a new 52-week high on Friday . The company traded as high as $17.47 and last traded at $17.36, with a volume of 4,445,072 shares trading hands. The stock had previously closed at $16.54.
A number of research firms recently weighed in on AG. 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 on the stock in a research note on Wednesday, July 13th. BMO Capital Markets reaffirmed a “sell” rating and set a $10.00 price objective on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, 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. Two 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. First Majestic Silver Corp. has an average rating of “Hold” and a consensus target price of $9.51.
The stock has a 50-day moving average price of $14.42 and a 200 day moving average price of $8.77. The company’s market cap is $2.71 billion.
First Majestic Silver Corp. (NYSE:AG) last posted its earnings results 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 company had revenue of $66.50 million for the quarter, compared to analyst estimates of $64 million. The business’s revenue was up 21.8% on a year-over-year basis. Equities research analysts anticipate that First Majestic Silver Corp. will post $0.20 EPS for the current fiscal year.
An institutional investor recently raised its position in First Majestic Silver Corp. stock. TD Asset Management Inc. increased its position in First Majestic Silver Corp. (NYSE:AG) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. 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 0.43% of First Majestic Silver Corp. worth $2,192,000 at the end of the most recent quarter.
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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