First Majestic Silver Corp. (AG) Shares Down 4.7%
First Majestic Silver Corp. (NYSE:AG) dropped 4.7% during trading on Tuesday . The stock traded as low as $12.61 and last traded at $12.67, with a volume of 3,495,988 shares changing hands. The stock had previously closed at $13.30.
AG has been the subject of several recent analyst reports. TheStreet raised First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Zacks Investment Research raised First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, July 13th. Desjardins raised First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. BMO Capital Markets reaffirmed a “sell” rating and set a $10.00 price target on shares of First Majestic Silver Corp. in a report on Thursday, July 14th. Finally, TD Securities reaffirmed a “hold” rating and set a $23.00 price target (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 given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.01.
The firm has a 50 day moving average price of $16.17 and a 200-day moving average price of $11.02. The stock’s market capitalization is $1.83 billion.
First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The firm earned $66.10 million during the quarter. The business’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts forecast that First Majestic Silver Corp. will post $0.18 EPS for the current fiscal 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.