First Majestic Silver Corp. (TSE:AG) Receives Average Rating of “Buy” from Brokerages

Shares of First Majestic Silver Corp. (TSE:AG) have been given an average recommendation of “Buy” by the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$30.40.

AG has been the topic of a number of research analyst reports. ATB Cormark Capital Markets upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$36.00 to C$37.00 in a report on Friday, July 10th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd.

First Majestic Silver Stock Performance

Shares of AG opened at C$21.04 on Monday. The firm’s 50-day moving average price is C$24.53 and its 200-day moving average price is C$28.72. The firm has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 35.66 and a beta of 2.79. First Majestic Silver has a 1-year low of C$10.69 and a 1-year high of C$43.69.

First Majestic Silver (TSE:AG) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.30 earnings per share (EPS) for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. The company had revenue of C$590.33 million during the quarter. On average, research analysts forecast that First Majestic Silver will post 0.4623323 EPS 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.