First Majestic Silver Corp. (AG) Sees Large Volume Increase
First Majestic Silver Corp. (NYSE:AG) saw unusually-high trading volume on Thursday . Approximately 12,317,382 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 7,068,393 shares.The stock last traded at $11.73 and had previously closed at $12.02.
AG has been the subject of several analyst reports. Zacks Investment Research raised shares of First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, July 19th. BMO Capital Markets reissued a “sell” rating and issued a $10.00 price target on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. TheStreet raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Desjardins raised shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, TD Securities cut shares of First Majestic Silver Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. First Majestic Silver Corp. has a consensus rating of “Hold” and a consensus target price of $12.01.
The firm has a 50-day moving average price of $16.15 and a 200-day moving average price of $11.02. The company’s market capitalization is $1.93 billion.
First Majestic Silver Corp. (NYSE:AG) last announced its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.03 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. During the same period in the previous year, the business earned ($0.03) earnings per share. First Majestic Silver Corp.’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts expect that First Majestic Silver Corp. will post $0.18 earnings per share for the current fiscal 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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