Brokerages Set First Majestic Silver Corp. (TSE:AG) Price Target at C$33.40

Shares of First Majestic Silver Corp. (TSE:AG) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$33.40.

Several research firms have issued reports on AG. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a report on Tuesday, March 24th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd.

First Majestic Silver Trading Up 0.1%

Shares of First Majestic Silver stock opened at C$28.03 on Wednesday. The company’s 50-day moving average price is C$28.58 and its two-hundred day moving average price is C$27.55. First Majestic Silver has a 52 week low of C$8.05 and a 52 week high of C$43.69. The stock has a market cap of C$13.84 billion, a PE ratio of 47.51 and a beta of 2.85.

First Majestic Silver (TSE:AG) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.43 EPS for the quarter. The firm had revenue of C$662.71 million for the quarter. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. On average, equities analysts predict that First Majestic Silver will post 0.4623323 EPS for the current fiscal 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.