First Majestic Silver Corp. (TSE:AG) Receives Average Recommendation of “Buy” from Brokerages

First Majestic Silver Corp. (TSE:AG) has received a consensus rating of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$33.40.

AG has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research report on Tuesday, March 24th. Scotiabank upgraded shares of First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd.

First Majestic Silver Price Performance

TSE AG opened at C$24.67 on Friday. The company’s fifty day moving average price is C$28.04 and its two-hundred day moving average price is C$28.34. First Majestic Silver has a 12 month low of C$10.69 and a 12 month high of C$43.69. The company has a market capitalization of C$12.18 billion, a price-to-earnings ratio of 41.81 and a beta of 2.66.

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

About First Majestic Silver

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.