Wall Street Zen Upgrades First Majestic Silver (NYSE:AG) to “Buy”

First Majestic Silver (NYSE:AG) (TSE:FR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

AG has been the subject of several other research reports. Cormark upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. HC Wainwright boosted their target price on shares of First Majestic Silver to $30.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of First Majestic Silver in a research note on Wednesday, January 21st. Scotiabank boosted their price target on shares of First Majestic Silver from $12.50 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of First Majestic Silver in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.00.

First Majestic Silver Trading Up 11.1%

First Majestic Silver stock opened at $27.54 on Friday. The company has a current ratio of 3.38, a quick ratio of 2.96 and a debt-to-equity ratio of 0.07. First Majestic Silver has a 12-month low of $5.09 and a 12-month high of $27.90. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 78.68 and a beta of 0.84. The firm has a 50 day moving average of $20.51 and a 200 day moving average of $14.84.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Thursday, February 19th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. First Majestic Silver had a net margin of 13.12% and a return on equity of 7.41%. The firm had revenue of $463.92 million during the quarter, compared to analysts’ expectations of $561.30 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 169.2% compared to the same quarter last year. As a group, research analysts predict that First Majestic Silver will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On First Majestic Silver

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of First Majestic Silver by 77.4% in the first quarter. Royal Bank of Canada now owns 604,186 shares of the mining company’s stock worth $4,042,000 after purchasing an additional 263,688 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of First Majestic Silver by 355.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,193,589 shares of the mining company’s stock valued at $7,985,000 after acquiring an additional 931,690 shares in the last quarter. CWM LLC boosted its holdings in shares of First Majestic Silver by 57.2% in the second quarter. CWM LLC now owns 5,114 shares of the mining company’s stock valued at $42,000 after purchasing an additional 1,860 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of First Majestic Silver by 12.8% in the second quarter. D.A. Davidson & CO. now owns 75,045 shares of the mining company’s stock valued at $621,000 after purchasing an additional 8,509 shares during the period. Finally, Cardinal Point Capital Management ULC bought a new position in First Majestic Silver in the second quarter worth approximately $185,000. 27.16% of the stock is currently owned by institutional investors.

Key Stories Impacting First Majestic Silver

Here are the key news stories impacting First Majestic Silver this week:

• Positive Sentiment: Earnings beat & return to profitability — First Majestic reported Q4 EPS of $0.30 vs. $0.27 consensus and swung to profit for the year, which is the primary catalyst investors are rewarding. This underpins the rally and supports sentiment that operational leverage to silver is working in a rising-price environment. Earnings Press Release
• Positive Sentiment: Dividend hike — the company raised its quarterly payout ~59.6% to $0.0083 (annualized yield ~0.1%), signaling stronger cash flow and returning capital to shareholders, which supports the bullish narrative. Dividend & Results Release
• Positive Sentiment: Unusually large call option activity — traders bought ~109,053 call options (≈+51% vs. average), indicating short-term bullish positioning that can amplify upside intraday/near-term. (No external link provided)
• Neutral Sentiment: Revenue missed expectations — Q4 revenue was $463.9M versus ~$561.3M consensus, a notable shortfall that tempers the EPS beat and reminds investors that volumes/realizations matter; keep an eye on guidance and silver price sensitivity. Earnings Snapshot
• Neutral Sentiment: Media coverage and investor notes highlighted the turnaround and dividend, helping momentum but also attracting short-term traders; monitor volume and whether buying is sustained. Example coverage: Yahoo Article and Insidermonkey Article
• Negative Sentiment: Analyst downgrade — Seeking Alpha published a “double downgrade” note warning that leverage to silver can cut both ways, which could pressure sentiment if silver prices pull back or operational metrics disappoint. Seeking Alpha Downgrade

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.