Somewhat Positive Press Coverage Somewhat Unlikely to Impact First Majestic Silver Corp. (NYSE:AG) Stock Price
Headlines about First Majestic Silver Corp. (NYSE:AG) (TSE:FR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Majestic Silver Corp. earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the mining company an impact score of 45.3134199793273 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Should You Get Rid of First Majestic Silver Corp. (AG) Now? – Nasdaq (nasdaq.com)
- First Majestic Silver Corp. (AG) Downgraded by Zacks Investment Research to “Strong Sell” (americanbankingnews.com)
- Investment in First Majestic Silver Corp. (AG) stock is good or Bad for Investors? – Street Observer (press release) (streetobserver.com)
- New Strong Sell Stocks for August 9th – Nasdaq (nasdaq.com)
Several research analysts recently commented on the company. BidaskClub cut First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut First Majestic Silver Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday. HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of First Majestic Silver Corp. in a research note on Friday, August 4th. Scotiabank reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of First Majestic Silver Corp. in a research report on Friday, April 21st. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of First Majestic Silver Corp. in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.20.
First Majestic Silver Corp. (NYSE AG) opened at 6.52 on Friday. First Majestic Silver Corp. has a 52-week low of $5.92 and a 52-week high of $18.18. The stock’s 50 day moving average price is $7.65 and its 200 day moving average price is $8.39. The firm has a market capitalization of $1.08 billion, a PE ratio of 83.59 and a beta of 0.30.
First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, August 3rd. The mining company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $60.10 million during the quarter, compared to analyst estimates of $77.62 million. First Majestic Silver Corp. had a return on equity of 1.60% and a net margin of 5.11%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. Analysts expect that First Majestic Silver Corp. will post $0.02 earnings per share for the current year.
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About First Majestic Silver Corp.
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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