First Majestic Silver Corp. (NYSE:AG) (TSE:FR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other research firms have also recently issued reports on AG. Scotiabank reiterated a “sector perform” rating and issued a $13.00 target price on shares of First Majestic Silver Corp. in a research note on Friday, April 21st. S&P Global upgraded shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 6th. Zacks Investment Research cut shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. National Bank Financial reiterated an “outperform market weight” rating on shares of First Majestic Silver Corp. in a research note on Friday, May 5th. Finally, Raymond James Financial, Inc. upgraded shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.40.

Analyst Recommendations for First Majestic Silver Corp. (NYSE:AG)

Shares of First Majestic Silver Corp. (NYSE AG) traded up 0.52% during trading on Tuesday, hitting $7.76. The company’s stock had a trading volume of 1,941,624 shares. The stock has a market cap of $1.28 billion, a PE ratio of 67.48 and a beta of 0.33. First Majestic Silver Corp. has a one year low of $6.62 and a one year high of $19.15. The company has a 50-day moving average price of $8.31 and a 200-day moving average price of $8.60.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its position in First Majestic Silver Corp. by 32.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 62,562 shares of the mining company’s stock valued at $478,000 after buying an additional 15,331 shares during the period. Bayesian Capital Management LP bought a new position in First Majestic Silver Corp. during the fourth quarter valued at $182,000. Pacad Investment Ltd. bought a new position in First Majestic Silver Corp. during the fourth quarter valued at $435,000. A.R.T. Advisors LLC boosted its position in First Majestic Silver Corp. by 145.5% in the fourth quarter. A.R.T. Advisors LLC now owns 96,500 shares of the mining company’s stock valued at $736,000 after buying an additional 57,200 shares during the period. Finally, First Republic Investment Management Inc. bought a new position in First Majestic Silver Corp. during the fourth quarter valued at $116,000. Hedge funds and other institutional investors own 27.35% of the company’s stock.

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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