First Majestic Silver (TSE:AG) Stock Price Expected to Rise, TD Securities Analyst Says

First Majestic Silver (TSE:AG) had its price target increased by analysts at TD Securities from C$22.00 to C$36.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 3.39% from the stock’s previous close.

AG has been the subject of several other research reports. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. National Bank Financial raised First Majestic Silver from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 5th. National Bankshares upgraded First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$20.00 to C$22.00 in a research report on Monday, October 6th. Finally, BMO Capital Markets upped their target price on First Majestic Silver from C$18.50 to C$21.00 in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$30.60.

First Majestic Silver Price Performance

First Majestic Silver stock opened at C$34.82 on Thursday. First Majestic Silver has a fifty-two week low of C$7.40 and a fifty-two week high of C$34.90. The firm’s 50 day simple moving average is C$23.24 and its 200-day simple moving average is C$17.61. The company has a market cap of C$17.06 billion, a P/E ratio of 248.71 and a beta of 1.65.

First Majestic Silver (TSE:AG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.06 EPS for the quarter. First Majestic Silver had a negative net margin of 14.81% and a negative return on equity of 5.74%. The business had revenue of C$396.93 million during the quarter. On average, analysts expect that First Majestic Silver will post 0.4623323 EPS for the current fiscal year.

First Majestic Silver Company Profile

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.