First Majestic Silver Corp. (AG) Trading 2.3% Higher
First Majestic Silver Corp. (NYSE:AG)’s share price traded up 2.3% on Thursday . The stock traded as high as $13.65 and last traded at $13.42, with a volume of 4,186,367 shares changing hands. The stock had previously closed at $13.12.
Several equities analysts have recently weighed in on the stock. TD Securities restated a “hold” rating and set a $23.00 price objective (up previously from $18.00) on shares of First Majestic Silver Corp. in a research report on Saturday, August 13th. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, August 15th. BMO Capital Markets restated a “sell” rating and set a $10.00 price objective on shares of First Majestic Silver Corp. in a research report on Thursday, July 14th. TheStreet upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. 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 analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.01.
The company has a 50-day moving average of $16.55 and a 200 day moving average of $10.70. The stock’s market capitalization is $2.21 billion.
First Majestic Silver Corp. (NYSE:AG) last issued its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $66.10 million for the quarter. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, equities analysts predict that First Majestic Silver Corp. will post $0.18 EPS for the current year.
An institutional investor recently bought a new position in First Majestic Silver Corp. stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Majestic Silver Corp. (NYSE:AG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,146,025 shares of the mining company’s stock, valued at approximately $3,721,000. Connor Clark & Lunn Investment Management Ltd. owned 0.74% of First Majestic Silver Corp. at the end of the most recent quarter.
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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