Shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.67.

AG has been the subject of a number of recent analyst reports. Scotiabank restated a “sector perform” rating and issued a $13.00 target price on shares of First Majestic Silver Corp. in a report 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 downgraded 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.

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Several hedge funds and other institutional investors have recently made changes to their positions in AG. Bank of Montreal Can increased its position in shares of First Majestic Silver Corp. by 2.3% in the first quarter. Bank of Montreal Can now owns 976,427 shares of the mining company’s stock valued at $7,928,000 after buying an additional 21,854 shares during the period. Sigma Planning Corp increased its position in shares of First Majestic Silver Corp. by 47.6% in the first quarter. Sigma Planning Corp now owns 17,176 shares of the mining company’s stock valued at $139,000 after buying an additional 5,541 shares during the period. Creative Planning increased its position in shares of First Majestic Silver Corp. by 85.9% in the first quarter. Creative Planning now owns 67,719 shares of the mining company’s stock valued at $550,000 after buying an additional 31,299 shares during the period. Van ECK Associates Corp increased its position in shares of First Majestic Silver Corp. by 16.9% in the first quarter. Van ECK Associates Corp now owns 11,456,117 shares of the mining company’s stock valued at $93,024,000 after buying an additional 1,653,907 shares during the period. Finally, Norges Bank purchased a new position in shares of First Majestic Silver Corp. during the fourth quarter valued at $7,766,000. Institutional investors and hedge funds own 26.78% of the company’s stock.

First Majestic Silver Corp. (AG) traded up 0.24% during trading on Tuesday, hitting $8.39. 971,580 shares of the company were exchanged. First Majestic Silver Corp. has a 12 month low of $6.62 and a 12 month high of $19.15. The company has a 50-day moving average of $8.31 and a 200-day moving average of $8.60. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 72.96 and a beta of 0.33.

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.

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

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