First Majestic Silver Corp. (AG) Sees Strong Trading Volume
First Majestic Silver Corp. (NYSE:AG) saw unusually-strong trading volume on Friday . Approximately 7,755,412 shares were traded during mid-day trading, an increase of 17% from the previous session’s volume of 6,621,200 shares.The stock last traded at $13.57 and had previously closed at $13.49.
A number of equities analysts recently weighed in on AG shares. Zacks Investment Research upgraded 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 report on Monday, August 15th. TD Securities lowered shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Desjardins upgraded 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 objective on shares of First Majestic Silver Corp. in a report on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. First Majestic Silver Corp. presently has a consensus rating of “Hold” and an average target price of $12.01.
The firm’s 50 day moving average price is $16.45 and its 200 day moving average price is $10.78. The company’s market capitalization is $2.16 billion.
First Majestic Silver Corp. (NYSE:AG) last issued 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. During the same period in the prior year, the company posted ($0.03) EPS. The business had revenue of $66.10 million for the quarter. First Majestic Silver Corp.’s revenue was up 22.0% compared to the same quarter last year. Equities research analysts predict that First Majestic Silver Corp. will post $0.18 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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