First Majestic Silver Corp. (AG) Hits New 1-Year High at $17.47
First Majestic Silver Corp. (NYSE:AG) shares hit a new 52-week high during mid-day trading 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 have weighed in on AG. Zacks Investment Research cut shares of First Majestic Silver Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. TD Securities cut shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. BMO Capital Markets reaffirmed a “sell” rating and set a $10.00 target price 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. Finally, Rodman & Renshaw boosted their target price on shares of First Majestic Silver Corp. from $6.00 to $8.75 and gave the stock a “buy” rating in a research note on Friday, April 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.51.
The firm’s 50 day moving average is $14.55 and its 200-day moving average is $8.87. The company’s market capitalization is $2.71 billion.
First Majestic Silver Corp. (NYSE:AG) last issued its quarterly earnings results on Tuesday, May 10th. The mining company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.00 by $0.03. The company earned $66.50 million during the quarter, compared to the consensus estimate of $64 million. First Majestic Silver Corp.’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts predict that First Majestic Silver Corp. will post $0.20 EPS for the current year.
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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