First Majestic Silver (TSE:AG) Stock Rating Upgraded by BMO Capital Markets

First Majestic Silver (TSE:AG) was upgraded by equities research analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm currently has a C$35.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 21.65% from the stock’s current price.

Separately, TD Securities boosted their price objective on shares of First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, First Majestic Silver has an average rating of “Buy” and an average target price of C$33.40.

First Majestic Silver Price Performance

First Majestic Silver stock opened at C$28.77 on Tuesday. First Majestic Silver has a one year low of C$7.40 and a one year high of C$43.69. The business’s fifty day moving average is C$32.91 and its 200 day moving average is C$24.01. The stock has a market capitalization of C$14.19 billion, a PE ratio of 84.62 and a beta of 2.41.

First Majestic Silver (TSE:AG) last posted its earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share (EPS) for the quarter. The business had revenue of C$621.00 million for the quarter. First Majestic Silver had a net margin of 13.14% and a return on equity of 6.49%. As a group, sell-side 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.