First Majestic Silver Corp. (NYSE:AG) (TSE:FR) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other research analysts also recently issued research reports about the company. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of First Majestic Silver Corp. in a research note on Friday, November 3rd. BidaskClub downgraded First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Scotiabank cut their price target on First Majestic Silver Corp. from $11.50 to $9.75 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. First Majestic Silver Corp. has an average rating of “Hold” and an average target price of $10.50.

First Majestic Silver Corp. (AG) traded down $0.18 during trading hours on Friday, reaching $6.63. The company’s stock had a trading volume of 3,004,835 shares, compared to its average volume of 3,974,683. First Majestic Silver Corp. has a 12-month low of $5.92 and a 12-month high of $10.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.38 and a current ratio of 3.77.

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Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of First Majestic Silver Corp. by 71.0% in 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 shares of First Majestic Silver Corp. by 5.4% in 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. Global X MANAGEMENT CO LLC increased its position in shares of First Majestic Silver Corp. by 8.1% in 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. TD Asset Management Inc. increased its position in shares of First Majestic Silver Corp. by 1.0% in the 2nd quarter. TD Asset Management Inc. now owns 1,365,322 shares of the mining company’s stock valued at $11,312,000 after buying an additional 14,152 shares in the last quarter. Finally, Alps Advisors Inc. increased its position in shares of First Majestic Silver Corp. by 93.8% in the 2nd quarter. Alps Advisors Inc. now owns 1,235,506 shares of the mining company’s stock valued at $10,267,000 after buying an additional 598,077 shares in the last quarter. 29.37% of the stock is currently owned by institutional investors.

First Majestic Silver Corp. 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 Corp. (NYSE:AG)

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