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

First Majestic Silver Corp. (TSE:AG) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$33.40.

A number of equities research analysts have recently commented on the company. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, March 24th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd.

First Majestic Silver Stock Performance

AG stock opened at C$22.37 on Thursday. The firm has a market cap of C$11.05 billion, a PE ratio of 37.92 and a beta of 2.79. The firm’s fifty day moving average is C$26.47 and its 200 day moving average is C$28.85. First Majestic Silver has a one year low of C$10.69 and a one year high of C$43.69.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.43 earnings per share for the quarter. The company had revenue of C$662.71 million during the quarter. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. Research analysts predict 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.