First Majestic Silver Corp. (AG) Shares Up 4.1%
First Majestic Silver Corp. (NYSE:AG) shot up 4.1% during trading on Friday . The company traded as high as $12.47 and last traded at $12.27, with a volume of 6,724,803 shares trading hands. The stock had previously closed at $11.79.
A number of research firms have recently commented on AG. TD Securities reaffirmed a “hold” rating and issued a $23.00 price objective (up from $18.00) on shares of First Majestic Silver Corp. in a research note on Saturday, August 13th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. BMO Capital Markets reaffirmed 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. Finally, Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, July 13th. Two equities 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 stock. The company presently has a consensus rating of “Hold” and an average target price of $13.41.
The stock has a 50-day moving average of $16.15 and a 200 day moving average of $11.02. The company’s market cap is $2.03 billion.
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 company had revenue of $66.10 million for the quarter. During the same period in the prior year, the company earned ($0.03) EPS. First Majestic Silver Corp.’s revenue was up 22.0% on a year-over-year basis. On average, equities research analysts predict 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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