First Majestic Silver (AG) PT Set at $8.00 by HC Wainwright

Share on StockTwits

First Majestic Silver (NYSE:AG) (TSE:FR) received a $8.00 price objective from equities research analysts at HC Wainwright in a note issued to investors on Wednesday, TipRanks reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective points to a potential upside of 31.80% from the company’s previous close.

AG has been the topic of a number of other reports. ValuEngine upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Tuesday, March 19th. BMO Capital Markets restated a “hold” rating on shares of First Majestic Silver in a research report on Tuesday, April 2nd. Finally, B. Riley began coverage on shares of First Majestic Silver in a research report on Friday, March 1st. They set a “neutral” rating and a $6.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $7.60.

Shares of NYSE AG opened at $6.07 on Wednesday. The stock has a market cap of $1.20 billion, a P/E ratio of -28.90 and a beta of -0.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.30 and a current ratio of 2.86. First Majestic Silver has a 12-month low of $4.59 and a 12-month high of $8.48.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Monday, February 25th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). First Majestic Silver had a negative net margin of 67.85% and a negative return on equity of 5.77%. The business had revenue of $74.10 million for the quarter, compared to analyst estimates of $116.30 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, sell-side analysts forecast that First Majestic Silver will post 0.07 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in shares of First Majestic Silver by 10.3% in the 3rd quarter. Wells Fargo & Company MN now owns 93,926 shares of the mining company’s stock valued at $533,000 after acquiring an additional 8,770 shares during the period. Hsbc Holdings PLC raised its position in shares of First Majestic Silver by 44.3% in the 3rd quarter. Hsbc Holdings PLC now owns 95,837 shares of the mining company’s stock valued at $544,000 after acquiring an additional 29,422 shares during the period. Legal & General Group Plc raised its position in shares of First Majestic Silver by 226.0% in the 3rd quarter. Legal & General Group Plc now owns 46,600 shares of the mining company’s stock valued at $264,000 after acquiring an additional 32,305 shares during the period. Morgan Stanley raised its position in shares of First Majestic Silver by 39.4% in the 3rd quarter. Morgan Stanley now owns 3,884,212 shares of the mining company’s stock valued at $22,063,000 after acquiring an additional 1,097,560 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of First Majestic Silver by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,920,837 shares of the mining company’s stock valued at $22,270,000 after acquiring an additional 14,475 shares during the period. Institutional investors own 26.28% of the company’s stock.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.

Featured Story: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Analyst Recommendations for First Majestic Silver (NYSE:AG)

Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Monolithic Power Systems  Lowered to “Hold” at BidaskClub
Monolithic Power Systems Lowered to “Hold” at BidaskClub
NPER  Achieves Market Capitalization of $200,708.00
NPER Achieves Market Capitalization of $200,708.00
Bausch Health Companies  Downgraded to “Sell” at ValuEngine
Bausch Health Companies Downgraded to “Sell” at ValuEngine
Innophos  Cut to “Sell” at BidaskClub
Innophos Cut to “Sell” at BidaskClub
Bed Bath & Beyond  Lowered to Sell at BidaskClub
Bed Bath & Beyond Lowered to Sell at BidaskClub
Mindexcoin  Market Capitalization Hits $1.06 Million
Mindexcoin Market Capitalization Hits $1.06 Million


© 2006-2019 Ticker Report