First Majestic Silver Corp. (AG) Reaches New 52-Week High at $18.79
First Majestic Silver Corp. (NYSE:AG) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $18.79 and last traded at $18.43, with a volume of 3,477,826 shares. The stock had previously closed at $18.16.
Several research analysts have commented on AG shares. Rodman & Renshaw raised their target price 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. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, April 26th. TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. TD Securities cut shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Desjardins upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.51.
The firm’s 50 day moving average is $15.50 and its 200-day moving average is $9.58. The company’s market cap is $2.88 billion.
First Majestic Silver Corp. (NYSE:AG) last posted its quarterly earnings results on Tuesday, May 10th. The mining company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.00 by $0.03. The business earned $66.50 million during the quarter, compared to the consensus estimate of $64 million. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts expect that First Majestic Silver Corp. will post $0.21 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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