First Majestic Silver Corp. (NYSE:AG) dropped 4.7% on Tuesday . The company traded as low as $12.61 and last traded at $12.67, with a volume of 3,495,988 shares traded. The stock had previously closed at $13.30.

AG has been the topic of a number of analyst reports. Desjardins upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. TD Securities lowered shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Zacks Investment Research lowered shares of First Majestic Silver Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, BMO Capital Markets reiterated a “sell” rating and issued a $10.00 price objective on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. First Majestic Silver Corp. has a consensus rating of “Hold” and an average price target of $12.01.

The company’s market capitalization is $2.03 billion. The stock has a 50 day moving average of $16.38 and a 200 day moving average of $10.95.

First Majestic Silver Corp. (NYSE:AG) last announced its earnings results on Wednesday, August 10th. The mining company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $66.10 million for the quarter. During the same quarter last year, the business posted ($0.03) EPS. First Majestic Silver Corp.’s revenue was up 22.0% on a year-over-year basis. Equities research analysts expect 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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