First Majestic Silver Corp. (TSE:AG) Receives Average Recommendation of “Buy” from Analysts

First Majestic Silver Corp. (TSE:AG) has been given an average rating of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$33.40.

AG has been the topic of several analyst reports. BMO Capital Markets raised First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research report on Tuesday, March 24th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd.

First Majestic Silver Trading Down 4.1%

Shares of TSE AG opened at C$22.37 on Thursday. The company has a 50 day simple moving average of C$26.47 and a two-hundred day simple moving average of C$28.85. The stock has a market cap of C$11.05 billion, a price-to-earnings ratio of 37.92 and a beta of 2.79. First Majestic Silver has a 12 month low of C$10.69 and a 12 month high of C$43.69.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.43 earnings per share for the quarter. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. The firm had revenue of C$662.71 million for the quarter. Analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current 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.