First Majestic Silver Corp (NYSE:AG) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.45.
AG has been the subject of a number of research analyst reports. TD Securities upgraded shares of First Majestic Silver Corp from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Monday, March 7th. Zacks Investment Research upgraded shares of First Majestic Silver Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 15th. BMO Capital Markets lowered shares of First Majestic Silver Corp from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $5.00 to $5.50 in a research report on Monday. Finally, Rodman & Renshaw started coverage on shares of First Majestic Silver Corp in a research report on Monday, February 29th. They set a “buy” rating and a $6.00 target price for the company.
First Majestic Silver Corp (NYSE:AG) opened at 6.25 on Monday. First Majestic Silver Corp has a 52-week low of $2.40 and a 52-week high of $6.29. The company’s 50-day moving average is $4.36 and its 200-day moving average is $3.54. The firm’s market capitalization is $971.81 million.
First Majestic Silver Corp (NYSE:AG) last posted its quarterly earnings data on Thursday, February 25th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $66 million for the quarter, compared to analysts’ expectations of $67.35 million. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. Analysts forecast that First Majestic Silver Corp will post ($0.11) EPS for the current fiscal year.
First Majestic Silver Corp 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 has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe.
Source: Financial market News