First Majestic Silver Corp. (AG) Hits New 1-Year High at $18.79
First Majestic Silver Corp. (NYSE:AG) shares hit a new 52-week high on Tuesday . The stock traded as high as $18.79 and last traded at $18.43, with a volume of 3,477,826 shares. The stock had previously closed at $18.16.
Several brokerages recently weighed in on AG. TD Securities downgraded shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Raymond James Financial Inc. downgraded shares of First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, April 20th. Rodman & Renshaw upped 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 report on Friday, April 15th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.51.
The stock’s 50 day moving average is $15.83 and its 200 day moving average is $9.76. The firm’s market cap is $2.86 billion.
First Majestic Silver Corp. (NYSE:AG) last issued its earnings results on Wednesday, August 10th. The mining company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. During the same period in the previous year, the business posted ($0.03) earnings per share. The business had revenue of $66.10 million for the quarter. First Majestic Silver Corp.’s revenue was up 22.0% compared to the same quarter last year. On average, equities analysts anticipate that First Majestic Silver Corp. will post $0.21 earnings per share for the current fiscal 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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