First Majestic Silver Corp (NYSE:AG) (TSE:FR) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have given 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 $11.88.

Several research firms have recently commented on AG. BMO Capital Markets lowered First Majestic Silver from a “market perform” rating to an “underperform” rating in a research report on Friday, December 22nd. ValuEngine raised First Majestic Silver from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of First Majestic Silver in a research report on Friday, November 3rd. Scotiabank reduced their price target on First Majestic Silver from $11.50 to $9.75 and set a “sector perform” rating for the company in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered First Majestic Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.

A number of large investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in First Majestic Silver by 71.0% during the 2nd quarter. Van ECK Associates Corp now owns 19,593,256 shares of the mining company’s stock valued at $162,820,000 after buying an additional 8,137,139 shares in the last quarter. Vanguard Group Inc. increased its position in First Majestic Silver by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,346,737 shares of the mining company’s stock valued at $27,811,000 after buying an additional 172,004 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in First Majestic Silver by 513.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,109,456 shares of the mining company’s stock valued at $14,429,000 after buying an additional 1,765,678 shares in the last quarter. Global X MANAGEMENT CO LLC increased its position in First Majestic Silver by 8.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,052,117 shares of the mining company’s stock valued at $13,980,000 after buying an additional 154,623 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new position in First Majestic Silver during the 2nd quarter valued at about $5,591,000. 29.95% of the stock is currently owned by institutional investors.

First Majestic Silver (NYSE:AG) traded down $0.18 on Monday, hitting $6.79. The stock had a trading volume of 8,569,400 shares, compared to its average volume of 3,308,578. The company has a market cap of $1,130.00, a price-to-earnings ratio of 226.33 and a beta of 0.20. The company has a current ratio of 3.77, a quick ratio of 3.38 and a debt-to-equity ratio of 0.04. First Majestic Silver has a 52-week low of $5.92 and a 52-week high of $10.92.

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First Majestic Silver Company Profile

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 (NYSE:AG)

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