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

A number of equities research analysts have recently issued reports on the stock. TD Securities reiterated a “hold” rating and set a $23.00 price target (up from $18.00) on shares of First Majestic Silver Corp. in a research report on Saturday, August 13th. Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, August 15th. BMO Capital Markets reissued a “sell” rating and set a $10.00 price objective on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. 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, Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note 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 currently has an average rating of “Hold” and an average price target of $12.01.

The company has a 50-day moving average of $16.60 and a 200-day moving average of $10.68. The stock’s market capitalization is $2.23 billion.

First Majestic Silver Corp. (NYSE:AG) last posted its earnings results on Wednesday, August 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $66.10 million for the quarter. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. On average, equities analysts forecast that First Majestic Silver Corp. will post $0.18 earnings per share for the current year.

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

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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