Shares of First Majestic Silver Corp (NYSE:AG) (TSE:FR) gapped up before the market opened on Monday . The stock had previously closed at $5.48, but opened at $5.60. First Majestic Silver shares last traded at $5.60, with a volume of 2580000 shares changing hands.
Several analysts have issued reports on AG shares. BMO Capital Markets cut First Majestic Silver from a “market perform” rating to an “underperform” rating in a research report on Friday, December 22nd. HC Wainwright reaffirmed a “buy” rating and set a $14.00 target price on shares of First Majestic Silver in a research report on Friday, November 3rd. Zacks Investment Research raised First Majestic Silver from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a research report on Tuesday, January 2nd. Scotiabank dropped their target price on First Majestic Silver from $11.50 to $9.75 and set a “sector perform” rating on the stock in a research report on Friday, November 3rd. Finally, ValuEngine cut First Majestic Silver from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus 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 firm has a market capitalization of $924.18, a PE ratio of 186.67 and a beta of 0.19.
First Majestic Silver Company Profile
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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