Analysts Set First Majestic Silver Corp. (TSE:AG) PT at C$33.40

Shares of First Majestic Silver Corp. (TSE:AG) have earned a consensus recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$33.40.

AG has been the topic of several research analyst reports. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, March 24th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd.

First Majestic Silver Trading Down 0.9%

TSE AG opened at C$25.26 on Friday. The business’s 50-day moving average price is C$27.67 and its two-hundred day moving average price is C$28.60. First Majestic Silver has a 12 month low of C$10.69 and a 12 month high of C$43.69. The firm has a market capitalization of C$12.47 billion, a PE ratio of 42.81 and a beta of 2.66.

First Majestic Silver (TSE:AG) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.43 EPS for the quarter. First Majestic Silver had a return on equity of 10.82% and a net margin of 19.45%.The firm had revenue of C$662.71 million for the quarter. As a group, analysts forecast that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.