First Majestic Silver Corp. (AG) Sees Unusually-High Trading Volume
First Majestic Silver Corp. (NYSE:AG) saw strong trading volume on Thursday . 12,317,382 shares changed 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.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded 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 Wednesday, July 13th. 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 upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. TheStreet upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, TD Securities reiterated a “hold” rating and issued a $23.00 price target (up from $18.00) on shares of First Majestic Silver Corp. in a report on Saturday, August 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.41.
The firm’s market cap is $2.03 billion. The firm has a 50-day moving average of $16.00 and a 200 day moving average of $11.02.
First Majestic Silver Corp. (NYSE:AG) last released its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The business earned $66.10 million during the quarter. During the same quarter in the previous year, the business earned ($0.03) EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. 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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