AG.L (LON:AG) Stock Rating Lowered by Berenberg Bank

AG.L (LON:AG) was downgraded by equities researchers at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They currently have a GBX 625 target price on the stock, down from their prior target price of GBX 800.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 800 target price on shares of AG.L in a report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and set a GBX 800 price target on shares of AG.L in a report on Tuesday, August 4th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of AG.L in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 741.67.

AG.L Stock Performance

About AG.L

First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Production from these mines are projected to be between 12.5 to 13.9 million silver ounces or 20.6 to 22.9 million silver equivalent ounces in 2021.