First Majestic Silver Corp (AG) Receives $14.25 Consensus Target Price from Analysts

First Majestic Silver Corp (NYSE:AG) (TSE:FR) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.25.

AG has been the topic of a number of research reports. TheStreet raised shares of First Majestic Silver Corp from a “d+” rating to a “c-” rating in a report on Monday, February 6th. Raymond James Financial, Inc. downgraded shares of First Majestic Silver Corp from a “market perform” rating to an “underperform” rating in a report on Wednesday, February 15th. Finally, Zacks Investment Research downgraded shares of First Majestic Silver Corp from a “hold” rating to a “sell” rating in a report on Friday, January 20th.

Several institutional investors have recently bought and sold shares of AG. IFP Advisors Inc increased its position in First Majestic Silver Corp by 366.3% in the second quarter. IFP Advisors Inc now owns 13,568 shares of the mining company’s stock worth $184,000 after buying an additional 10,658 shares during the last quarter. Royal Bank of Canada increased its position in First Majestic Silver Corp by 19.3% in the second quarter. Royal Bank of Canada now owns 172,015 shares of the mining company’s stock worth $2,336,000 after buying an additional 27,834 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in First Majestic Silver Corp by 101.4% in the third quarter. BNP Paribas Arbitrage SA now owns 111,904 shares of the mining company’s stock worth $1,408,000 after buying an additional 56,336 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in First Majestic Silver Corp during the third quarter worth about $181,000. Finally, Great West Life Assurance Co. Can increased its position in First Majestic Silver Corp by 1.1% in the third quarter. Great West Life Assurance Co. Can now owns 32,353 shares of the mining company’s stock worth $333,000 after buying an additional 351 shares during the last quarter. 33.94% of the stock is currently owned by institutional investors.

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Shares of First Majestic Silver Corp (NYSE:AG) opened at 7.97 on Thursday. First Majestic Silver Corp has a 12-month low of $6.04 and a 12-month high of $19.15. The company’s 50-day moving average is $9.15 and its 200-day moving average is $9.20. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 159.40 and a beta of 0.41.

First Majestic Silver Corp (NYSE:AG) last announced its quarterly earnings results on Wednesday, February 22nd. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $66.20 million for the quarter, compared to analysts’ expectations of $78.33 million. First Majestic Silver Corp had a negative net margin of 34.63% and a positive return on equity of 3.08%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. Equities research analysts predict that First Majestic Silver Corp will post $0.10 earnings per share for the current year.

About First Majestic Silver Corp

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

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