First Majestic Silver Corp. (NYSE:AG) was down 4.8% during mid-day trading on Monday . The stock traded as low as $13.92 and last traded at $14.39, with a volume of 5,341,293 shares traded. The stock had previously closed at $15.12.

Several equities research analysts have 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 objective for the company in a research report on Tuesday, July 19th. BMO Capital Markets reaffirmed a “sell” rating and set a $10.00 price objective on shares of First Majestic Silver Corp. in a research report on Thursday, July 14th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, TD Securities cut shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Two 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. The stock has a consensus rating of “Hold” and an average target price of $12.01.

The company’s market capitalization is $2.40 billion. The firm’s 50 day moving average price is $16.67 and its 200 day moving average price is $10.41.

First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. During the same period last year, the company earned ($0.03) earnings per share. The firm had revenue of $66.10 million for the quarter. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts predict that First Majestic Silver Corp. will post $0.18 EPS for the current year.

An institutional investor recently bought a new position in First Majestic Silver Corp. stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Majestic Silver Corp. (NYSE:AG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,146,025 shares of the mining company’s stock, valued at approximately $3,721,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.74% of First Majestic Silver Corp. at the end of the most recent reporting period.

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.