First Majestic Silver Corp. (TSE:AG) Given Consensus Recommendation of “Buy” by Analysts

First Majestic Silver Corp. (TSE:AG) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$30.40.

Several research firms recently weighed in on AG. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. ATB Cormark Capital Markets upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$36.00 to C$37.00 in a research note on Friday, July 10th.

First Majestic Silver Price Performance

TSE:AG opened at C$21.04 on Monday. The firm has a market capitalization of C$10.37 billion, a P/E ratio of 35.66 and a beta of 2.79. First Majestic Silver has a one year low of C$10.69 and a one year high of C$43.69. The company’s 50-day simple moving average is C$24.53 and its 200 day simple moving average is C$28.72.

First Majestic Silver (TSE:AG) last announced its earnings results on Thursday, July 30th. The company reported C$0.30 earnings per share for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. The business had revenue of C$590.33 million during the quarter. On average, equities research analysts expect that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

About First Majestic Silver

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.