First Majestic Silver Corp. (AG)

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First Majestic Silver Corp. (AG) Upgraded at Zacks Investment Research

https://zolmax.com/investing/first-majestic-silver-corp-ag-upgraded-at-zacks-investment-research/1497297.html

Posted by John Perry on Jul 6th, 2017 //

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada. “

Several other equities analysts have also issued reports on AG. BidaskClub upgraded First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. S&P Global upgraded First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 6th. Raymond James Financial, Inc. upgraded First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 5th. Scotiabank reiterated a “sector perform” rating and issued a $13.00 price target on shares of First Majestic Silver Corp. in a research note on Friday, April 21st. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of First Majestic Silver Corp. in a research note on Friday, May 5th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. First Majestic Silver Corp. currently has a consensus rating of “Hold” and a consensus price target of $15.40.
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Shares of First Majestic Silver Corp. (NYSE:AG) traded down 1.69% during mid-day trading on Wednesday, hitting $7.55. The stock had a trading volume of 6,821,497 shares. The stock has a 50 day moving average price of $8.43 and a 200 day moving average price of $8.55. The firm has a market cap of $1.25 billion, a PE ratio of 65.65 and a beta of 0.31. First Majestic Silver Corp. has a 52 week low of $6.62 and a 52 week high of $19.15.

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Large investors have recently modified their holdings of the company. First Republic Investment Management Inc. purchased a new stake in shares of First Majestic Silver Corp. during the fourth quarter worth $116,000. Norges Bank purchased a new stake in shares of First Majestic Silver Corp. during the fourth quarter worth $7,766,000. Quadrature Capital Ltd purchased a new stake in shares of First Majestic Silver Corp. during the fourth quarter worth $282,000. Integrated Investment Consultants LLC raised its stake in shares of First Majestic Silver Corp. by 34.7% in the first quarter. Integrated Investment Consultants LLC now owns 131,500 shares of the mining company’s stock worth $1,048,000 after buying an additional 33,900 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of First Majestic Silver Corp. during the first quarter worth $129,000. Institutional investors and hedge funds own 26.78% of the company’s stock.

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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