First Majestic Silver Corp. (AG) Stock Price Up 1.1%
First Majestic Silver Corp. (NYSE:AG) shares rose 1.1% during mid-day trading on Tuesday . The company traded as high as $18.68 and last traded at $18.08, with a volume of 3,345,912 shares trading hands. The stock had previously closed at $17.88.
AG has been the topic of a number of recent research reports. Raymond James Financial Inc. cut First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, April 20th. TheStreet raised First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Zacks Investment Research raised 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. Rodman & Renshaw raised 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. Finally, Desjardins upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.51.
The stock’s market cap is $2.82 billion. The firm’s 50 day moving average is $14.70 and its 200-day moving average is $9.07.
First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.00 by $0.03. The business had revenue of $66.50 million for the quarter, compared to the consensus estimate of $64 million. The company’s revenue was up 21.8% compared to the same quarter last year. Equities analysts anticipate that First Majestic Silver Corp. will post $0.20 earnings per share 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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