First Majestic Silver Corp. (AG) Trading Down 2.4%
First Majestic Silver Corp. (NYSE:AG)’s share price fell 2.4% during trading on Monday . The company traded as low as $17.65 and last traded at $17.66, with a volume of 3,445,713 shares trading hands. The stock had previously closed at $18.10.
A number of research firms have recently commented on AG. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, July 13th. 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. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, TD Securities reaffirmed a “hold” rating and issued a $23.00 target price (up from $18.00) on shares of First Majestic Silver Corp. in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. First Majestic Silver Corp. has a consensus rating of “Hold” and an average target price of $12.01.
The company has a 50-day moving average of $16.29 and a 200-day moving average of $10.14. The firm’s market cap is $2.74 billion.
First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $66.10 million for the quarter. During the same quarter last year, the company posted ($0.03) earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. On average, analysts predict that First Majestic Silver Corp. will post $0.21 EPS 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.