First Majestic Silver (NYSE:AG) had its price objective decreased by TD Securities from C$18.00 to C$16.00 in a research report released on Wednesday morning, StockRatingsNetwork reports. TD Securities currently has a buy rating on the stock.
First Majestic Silver (NYSE:AG) opened at 10.52 on Wednesday. First Majestic Silver has a 52 week low of $8.81 and a 52 week high of $23.49. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $11.95. The company has a market cap of $1.230 billion and a price-to-earnings ratio of 16.70.
First Majestic Silver (NYSE:AG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.06. The company had revenue of $76.90 million for the quarter, compared to the consensus estimate of $74.38 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that First Majestic Silver will post $0.60 EPS for the current fiscal year.
A number of other firms have also recently commented on AG. Analysts at Raymond James cut their price target on shares of First Majestic Silver from $18.00 to $17.00 in a research note to investors on Tuesday. They now have a strong-buy rating on the stock. Separately, analysts at TheStreet upgraded shares of First Majestic Silver to a hold rating in a research note to investors on Friday, September 20th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $20.53.
First Majestic Silver Corp. (NYSE:AG), is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.