First Majestic Silver Corp (NYSE:AG) (TSE:FR)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.71, but opened at $7.35. First Majestic Silver shares last traded at $7.39, with a volume of 2331085 shares traded.
A number of equities analysts have weighed in on AG shares. ValuEngine lowered shares of First Majestic Silver from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of First Majestic Silver from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of First Majestic Silver in a research report on Tuesday. BMO Capital Markets started coverage on shares of First Majestic Silver in a research report on Friday, November 17th. They set a “market perform” rating for the company. Finally, Scotiabank dropped their target price on shares of First Majestic Silver from $11.50 to $9.75 and set a “sector perform” rating for the company in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.50.
The company has a quick ratio of 3.38, a current ratio of 3.77 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1,200.00, a PE ratio of 230.67 and a beta of 0.20.
About First Majestic Silver
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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