First Majestic Silver Corp. (AG) Trading Up 5.4%
First Majestic Silver Corp. (NYSE:AG)’s share price was up 5.4% on Thursday . The stock traded as high as $16.07 and last traded at $15.90, with a volume of 3,965,098 shares traded. The stock had previously closed at $15.08.
Several 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 $19.00 price target on the stock in a report on Tuesday. BMO Capital Markets reiterated a “sell” rating and issued a $10.00 price target on shares of First Majestic Silver Corp. in a report on Thursday, July 14th. Desjardins downgraded shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Rodman & Renshaw increased their price target on shares of First Majestic Silver Corp. from $6.00 to $8.75 and gave the stock a “buy” rating in a report on Friday, April 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. First Majestic Silver Corp. currently has a consensus rating of “Hold” and an average price target of $9.51.
The company has a 50 day moving average price of $13.66 and a 200 day moving average price of $8.26. The stock’s market cap is $2.49 billion.
First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.00 by $0.03. The company had revenue of $66.50 million for the quarter, compared to analyst estimates of $64 million. First Majestic Silver Corp.’s revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that First Majestic Silver Corp. will post $0.20 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in First Majestic Silver Corp. stock. TD Asset Management Inc. raised its stake in First Majestic Silver Corp. (NYSE:AG) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 675,054 shares of the mining company’s stock after buying an additional 24,450 shares during the period. TD Asset Management Inc. owned about 0.43% of First Majestic Silver Corp. worth $2,192,000 at the end of the most recent reporting period.
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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