Shares of First Majestic Silver Corp. (NYSE:AG) dropped 1.6% during 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. The stock had previously closed at $18.30.

A number of equities analysts have issued reports on the company. Rodman & Renshaw increased their price target on First Majestic Silver Corp. from $6.00 to $8.75 and gave the stock a “buy” rating in a research report on Friday, April 15th. Zacks Investment Research upgraded First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, April 26th. TheStreet upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. TD Securities downgraded First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Desjardins upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research 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 issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.51.

The stock’s market cap is $2.79 billion. The firm’s 50-day moving average is $15.34 and its 200-day moving average is $9.37.

First Majestic Silver Corp. (NYSE:AG) last posted its earnings results on Tuesday, May 10th. The mining company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.00 by $0.03. The firm earned $66.50 million during the quarter, compared to analysts’ expectations of $64 million. First Majestic Silver Corp.’s quarterly revenue was up 21.8% on a year-over-year basis. Analysts expect that First Majestic Silver Corp. will post $0.21 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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