First Majestic Silver Corp. (TSE:AG) Given Average Rating of “Buy” by Analysts

by · The Cerbat Gem

First Majestic Silver Corp. (TSE:AG – Get Free Report) has received an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$33.40.

A number of research firms recently issued reports on AG. BMO Capital Markets raised 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 note on Tuesday, March 24th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd.

Check Out Our Latest Report on AG

First Majestic Silver Stock Performance

AG stock opened at C$24.67 on Friday. First Majestic Silver has a 1 year low of C$10.69 and a 1 year high of C$43.69. The stock’s 50 day moving average price is C$28.04 and its 200 day moving average price is C$28.34. The firm has a market cap of C$12.18 billion, a P/E ratio of 41.81 and a beta of 2.66.

First Majestic Silver (TSE:AG – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Majestic Silver had a return on equity of 10.82% and a net margin of 19.45%.The firm had revenue of C$662.71 million for the quarter. On average, research analysts predict that First Majestic Silver will post 0.4623323 earnings per share for the current year.

About First Majestic Silver

(Get Free Report)

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.

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