First Majestic Silver Corp. (NYSE:AG) traded up 4.5% during mid-day trading on Wednesday . The company traded as high as $12.27 and last traded at $12.10, with a volume of 3,053,751 shares. The stock had previously closed at $11.58.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, July 13th. BMO Capital Markets reissued a “sell” rating and set a $10.00 price target on shares of First Majestic Silver Corp. in a research note on Thursday, July 14th. TheStreet raised First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, TD Securities reissued a “hold” rating and set a $23.00 price target (up from $18.00) on shares of First Majestic Silver Corp. in a research note on Saturday, August 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.41.

The company has a 50-day moving average of $14.60 and a 200-day moving average of $11.79. The stock’s market cap is $2.06 billion.

First Majestic Silver Corp. (NYSE:AG) last posted its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The company earned $66.10 million during the quarter. First Majestic Silver Corp. had a negative net margin of 43.62% and a negative return on equity of 0.27%. First Majestic Silver Corp.’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Analysts predict that First Majestic Silver Corp. will post $0.18 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Feltz Wealth PLAN Inc. bought a new stake in First Majestic Silver Corp. during the second quarter worth about $136,000. ING Groep NV bought a new stake in First Majestic Silver Corp. during the second quarter worth about $162,000. Montrusco Bolton Investments Inc. bought a new stake in First Majestic Silver Corp. during the second quarter worth about $161,000. Confluence Investment Management LLC bought a new stake in First Majestic Silver Corp. during the second quarter worth about $167,000. Finally, Ingalls & Snyder LLC bought a new stake in First Majestic Silver Corp. during the second quarter worth about $169,000. Institutional investors and hedge funds own 37.16% of the company’s stock.

First Majestic Silver Corp. Company Profile

First Majestic Silver Corp. (First Majestic) is a mining company. The Company is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.

5 Day Chart for NYSE:AG

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