First Majestic Silver Corp. (AG) Stock Price Down 1.6%
First Majestic Silver Corp. (NYSE:AG)’s share price was down 1.6% during mid-day trading on Friday . The stock traded as low as $17.31 and last traded at $18.00, with a volume of 3,287,264 shares trading hands. The stock had previously closed at $18.30.
Several equities analysts recently issued reports on AG shares. Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, July 19th. BMO Capital Markets reaffirmed a “sell” rating and issued a $10.00 target price on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. 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 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. currently has a consensus rating of “Hold” and a consensus price target of $9.51.
The company has a 50 day moving average of $15.34 and a 200 day moving average of $9.37. The firm’s market capitalization is $2.79 billion.
First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 EPS for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts expect that First Majestic Silver Corp. will post $0.21 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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