First Majestic Silver Corp Given Consensus Recommendation of “Buy” by Brokerages (NYSE:AG)
First Majestic Silver Corp (NYSE:AG) has received an average rating of “Buy” from the ten brokerages that are covering the company, StockRatingsNetwork reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.58.
A number of research firms have recently commented on AG. Analysts at TD Securities cut their price target on shares of First Majestic Silver Corp from C$15.50 to C$13.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of First Majestic Silver Corp from $9.92 to $10.92 in a research note on Friday, March 21st. Finally, analysts at Cowen and Company raised their price target on shares of First Majestic Silver Corp from $9.41 to $11.08 in a research note on Thursday, February 27th. They now have a “market perform” rating on the stock.
Shares of First Majestic Silver Corp (NYSE:AG) traded down 0.33% during mid-day trading on Friday, hitting $9.05. 232,953 shares of the company’s stock traded hands. First Majestic Silver Corp has a one year low of $8.81 and a one year high of $16.46. The stock’s 50-day moving average is $9.5 and its 200-day moving average is $10.30. The company’s market cap is $1.062 billion.
First Majestic Silver Corp (NYSE:AG) last announced its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.06. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $71.27 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. Analysts expect that First Majestic Silver Corp will post $0.40 EPS for the current fiscal year.
First Majestic Silver Corp. (NYSE:AG) is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico.
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