First Majestic Silver Corp Price Target Lowered to $11.72 at Cowen and Company (AG)
Cowen and Company decreased their price target on shares of First Majestic Silver Corp (NYSE:AG) to $11.72 in a research note issued on Thursday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective would suggest a potential upside of 13.13% from the company’s current price.
Shares of First Majestic Silver Corp (NYSE:AG) traded down 4.54% on Thursday, hitting $9.89. 1,665,571 shares of the company’s stock traded hands. First Majestic Silver Corp has a 1-year low of $8.19 and a 1-year high of $16.46. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $10.21. The company’s market cap is $1.162 billion.
First Majestic Silver Corp (NYSE:AG) last released its earnings data on Wednesday, August 13th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.05. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $65.67 million. Analysts expect that First Majestic Silver Corp will post $0.34 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James cut their price target on shares of First Majestic Silver Corp from C$16.00 to C$15.50 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Dundee Securities reiterated a “buy” rating on shares of First Majestic Silver Corp in a research note on Monday, August 4th. Finally, analysts at TD Securities raised their price target on shares of First Majestic Silver Corp from C$13.00 to C$13.50 in a research note on Thursday, July 10th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. First Majestic Silver Corp currently has an average rating of “Hold” and an average price target of $14.04.
First Majestic Silver Corp. (NYSE:AG) is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico.
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