First Majestic Silver Corp. (NYSE:AG) (TSE:FR)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued on Friday. They currently have a $14.00 price target on the mining company’s stock. HC Wainwright’s target price suggests a potential upside of 102.31% from the stock’s current price.

AG has been the subject of several other reports. BidaskClub downgraded 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 “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.25.

Shares of First Majestic Silver Corp. (NYSE AG) traded up $0.17 during mid-day trading on Friday, reaching $6.92. The company had a trading volume of 2,672,273 shares, compared to its average volume of 2,200,850.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last announced its earnings results 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). First Majestic Silver Corp. had a net margin of 1.80% and a negative return on equity of 0.23%. The firm had revenue of $60.10 million for the quarter, compared to the consensus estimate of $77.62 million. During the same period in the prior year, the business earned $0.03 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. sell-side analysts predict that First Majestic Silver Corp. will post 0.04 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Independence Advisors LLC purchased a new stake in shares of First Majestic Silver Corp. during the second quarter valued at $1,401,000. Sei Investments Co. lifted its stake in First Majestic Silver Corp. by 1,046.9% in the 2nd quarter. Sei Investments Co. now owns 12,157 shares of the mining company’s stock worth $101,000 after acquiring an additional 11,097 shares in the last quarter. Scotia Capital Inc. purchased a new stake in First Majestic Silver Corp. in the 2nd quarter worth about $105,000. Quantbot Technologies LP purchased a new stake in First Majestic Silver Corp. in the 2nd quarter worth about $126,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in First Majestic Silver Corp. by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock worth $129,000 after acquiring an additional 2,408 shares in the last quarter. 29.34% of the stock is owned by institutional investors and hedge funds.

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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