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

Shares of First Majestic Silver Corp. (TSE:AG) have earned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. One investment 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 12 month price target among analysts that have issued a report on the stock in the last year is C$33.40.

A number of research firms have weighed in on AG. TD Securities upped their target price on First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. Scotiabank upgraded First Majestic Silver to a “hold” rating in a report on Thursday. Finally, BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price on the stock in a report on Tuesday, March 24th.

First Majestic Silver Stock Performance

AG stock opened at C$28.07 on Friday. First Majestic Silver has a fifty-two week low of C$7.66 and a fifty-two week high of C$43.69. The business’s 50 day moving average price is C$31.82 and its two-hundred day moving average price is C$26.02. The company has a market capitalization 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 posted its earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share 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. Sell-side analysts forecast 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.