First Majestic Silver (TSE:AG) Rating Increased to Outperform at BMO Capital Markets

First Majestic Silver (TSE:AG) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a C$35.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 26.72% from the company’s current price.

Separately, TD Securities raised their price target on First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$33.40.

First Majestic Silver Stock Performance

Shares of AG traded up C$1.30 during mid-day trading on Tuesday, reaching C$27.62. The company had a trading volume of 1,078,282 shares, compared to its average volume of 2,381,582. The company has a market capitalization of C$13.62 billion, a price-to-earnings ratio of 81.24 and a beta of 2.41. The firm has a 50-day moving average price of C$32.88 and a 200 day moving average price of C$23.88. First Majestic Silver has a 52 week low of C$7.40 and a 52 week high of C$43.69.

First Majestic Silver (TSE:AG) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$621.00 million during the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%. As a group, research analysts forecast that First Majestic Silver will post 0.4623323 earnings per share 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.