First Majestic Silver (TSE:AG) Stock Price Down 12.6% – Here’s Why

First Majestic Silver Corp. (TSE:AG) shares fell 12.6% during trading on Tuesday . The company traded as low as C$37.76 and last traded at C$37.76. 315,508 shares were traded during trading, a decline of 87% from the average session volume of 2,402,375 shares. The stock had previously closed at C$43.19.

Analyst Ratings Changes

Several brokerages recently issued reports on AG. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. TD Securities lifted their price objective on shares of First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$30.60.

First Majestic Silver Stock Down 13.8%

The company’s 50-day moving average is C$30.40 and its two-hundred day moving average is C$21.77. The company has a market cap of C$18.36 billion, a P/E ratio of 109.50 and a beta of 2.10.

First Majestic Silver (TSE:AG) last released its earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share for the quarter. First Majestic Silver had a net margin of 13.14% and a return on equity of 6.49%. The firm had revenue of C$621.00 million for the quarter. On average, analysts anticipate that First Majestic Silver Corp. will post 0.4623323 EPS for the current fiscal year.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.