First Majestic Silver Corp. (AG) Sees Large Volume Increase
First Majestic Silver Corp. (NYSE:AG) saw unusually-high trading volume on Friday . Approximately 7,755,412 shares were traded during mid-day trading, an increase of 17% from the previous session’s volume of 6,621,200 shares.The stock last traded at $13.57 and had previously closed at $13.49.
A number of brokerages recently weighed in on AG. Zacks Investment Research raised First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, July 19th. BMO Capital Markets reissued a “sell” rating and set a $10.00 price objective on shares of First Majestic Silver Corp. in a report on Thursday, July 14th. TheStreet raised First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Desjardins raised First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, TD Securities cut First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.01.
The stock has a 50-day moving average of $16.50 and a 200-day moving average of $10.72. The company’s market cap is $2.16 billion.
First Majestic Silver Corp. (NYSE:AG) last released 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 business earned $66.10 million during the quarter. During the same quarter last year, the firm earned ($0.03) earnings per share. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Equities research analysts predict that First Majestic Silver Corp. will post $0.18 earnings per share 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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