First Majestic Silver Corp. (AG) Trading Down 2.4%
First Majestic Silver Corp. (NYSE:AG)’s share price was down 2.4% during trading on Monday . The stock traded as low as $17.65 and last traded at $17.66, with a volume of 3,445,713 shares changing hands. The stock had previously closed at $18.10.
Several equities analysts have commented on AG shares. Raymond James Financial Inc. lowered shares of First Majestic Silver Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, April 20th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, April 26th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, BMO Capital Markets restated a “sell” rating and issued a $10.00 price target on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.01.
The firm’s market cap is $2.68 billion. The company has a 50 day moving average of $16.42 and a 200-day moving average of $10.24.
First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings data 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 business had revenue of $66.10 million for the quarter. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’s revenue was up 22.0% compared to the same quarter last year. Analysts predict 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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