Other research analysts have also recently issued research reports about the company. TheStreet raised First Majestic Silver Corp from a d+ rating to a c- rating in a research note on Monday, February 6th. Raymond James Financial, Inc. lowered shares of First Majestic Silver Corp from a market perform rating to an underperform rating in a report on Wednesday, February 15th. Zacks Investment Research lowered shares of First Majestic Silver Corp from a hold rating to a sell rating in a report on Friday, January 20th. Scotiabank reiterated a sector perform rating and set a $13.00 target price on shares of First Majestic Silver Corp in a report on Friday, April 21st. Finally, S&P Global raised shares of First Majestic Silver Corp from an underperform rating to a market perform rating in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $15.40.
First Majestic Silver Corp (NYSE:AG) traded up 1.71% during mid-day trading on Friday, reaching $8.92. The company had a trading volume of 3,721,494 shares. The stock has a market capitalization of $1.47 billion, a PE ratio of 77.57 and a beta of 0.41. The company’s 50-day moving average is $8.44 and its 200-day moving average is $8.64. First Majestic Silver Corp has a one year low of $6.62 and a one year high of $19.15.
First Majestic Silver Corp (NYSE:AG) last posted its earnings results on Wednesday, February 22nd. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 positive return on equity of 3.08% and a negative net margin of 34.63%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Equities research analysts anticipate that First Majestic Silver Corp will post $0.12 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Arbor Wealth Management LLC acquired a new stake in shares of First Majestic Silver Corp during the fourth quarter worth approximately $10,370,000. Stevens Capital Management LP purchased a new position in First Majestic Silver Corp during the third quarter worth about $120,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of First Majestic Silver Corp during the first quarter valued at $102,000. San Francisco Sentry Investment Group CA acquired a new position in First Majestic Silver Corp during the third quarter valued at approximately $131,000. Finally, Geneva Advisors LLC raised its position in First Majestic Silver Corp by 4.1% in the first quarter. Geneva Advisors LLC now owns 12,800 shares of the mining company’s stock valued at $104,000 after buying an additional 500 shares during the last quarter. 33.94% of the stock is currently owned by institutional investors.
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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