First Majestic Silver (TSE:AG) Stock Rating Upgraded by Scotiabank

First Majestic Silver (TSE:AG) was upgraded by research analysts at Scotiabank to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

AG has been the subject of a number of other research reports. TD Securities lifted their price objective on First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, First Majestic Silver currently has a consensus rating of “Buy” and a consensus target price of C$33.40.

First Majestic Silver Price Performance

TSE AG opened at C$28.07 on Thursday. The stock’s fifty day moving average price is C$31.82 and its 200 day moving average price is C$26.02. First Majestic Silver has a 1 year low of C$7.66 and a 1 year high of C$43.69. The company has a market cap of C$13.84 billion, a price-to-earnings ratio of 82.56 and a beta of 2.81.

First Majestic Silver (TSE:AG) last released its earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share (EPS) for the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%.The firm had revenue of C$621.00 million for the quarter. Research analysts expect that First Majestic Silver will post 0.4623323 earnings per share for the current 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.