First Majestic Silver Corp. (AG) Shares Up 2.3%
First Majestic Silver Corp. (NYSE:AG) shares shot up 2.3% on Thursday . The stock traded as high as $13.65 and last traded at $13.42, with a volume of 4,186,367 shares. The stock had previously closed at $13.12.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, July 13th. BMO Capital Markets reiterated a “sell” rating and issued a $10.00 target price on shares of First Majestic Silver Corp. in a report on Thursday, July 14th. Desjardins upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, TD Securities reiterated a “hold” rating and issued a $23.00 target price (up previously from $18.00) on shares of First Majestic Silver Corp. in a report on Saturday, August 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.01.
The company’s market capitalization is $2.16 billion. The firm’s 50-day moving average is $16.45 and its 200-day moving average is $10.78.
First Majestic Silver Corp. (NYSE:AG) last announced its earnings results on Wednesday, August 10th. The mining company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $66.10 million for the quarter. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Equities research analysts forecast that First Majestic Silver Corp. will post $0.18 EPS 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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