First Majestic Silver Corp. (AG) Given Average Rating of “Hold” by Analysts
Shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have received an average rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.67.
Several equities analysts have weighed in on the company. BidaskClub cut First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research raised First Majestic Silver Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of First Majestic Silver Corp. in a report on Friday, August 4th.
Institutional investors have recently bought and sold shares of the company. Independence Advisors LLC acquired a new position in shares of First Majestic Silver Corp. during the 2nd quarter worth $1,401,000. Sei Investments Co. raised its holdings in shares of First Majestic Silver Corp. by 1,046.9% during the 2nd quarter. Sei Investments Co. now owns 12,157 shares of the mining company’s stock worth $101,000 after buying an additional 11,097 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of First Majestic Silver Corp. during the 1st quarter worth $102,000. Scotia Capital Inc. acquired a new position in shares of First Majestic Silver Corp. during the 2nd quarter worth $105,000. Finally, Quantbot Technologies LP acquired a new position in shares of First Majestic Silver Corp. during the 2nd quarter worth $126,000. 29.35% of the stock is owned by institutional investors.
First Majestic Silver Corp. (NYSE:AG) traded up 5.00% on Friday, reaching $7.35. The company’s stock had a trading volume of 3,723,045 shares. The company has a 50-day moving average price of $6.95 and a 200 day moving average price of $7.77. The company has a market cap of $1.22 billion, a P/E ratio of 94.23 and a beta of 0.21. First Majestic Silver Corp. has a 12 month low of $5.92 and a 12 month high of $10.92.
First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Thursday, August 3rd. The mining company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.07). The company had revenue of $60.10 million during the quarter, compared to analyst estimates of $77.62 million. First Majestic Silver Corp. had a net margin of 5.11% and a return on equity of 1.60%. First Majestic Silver Corp.’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share.
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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.
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