AG.L (LON:AG) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of AG.L (LON:AG) to a hold rating in a research note issued to investors on Thursday,London Stock Exchange reports. Berenberg Bank currently has GBX 625 price target on the stock, down from their prior price target of GBX 800.

A number of other research firms have also recently commented on AG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 800 price target on shares of AG.L in a research note on Wednesday, August 5th. Shore Capital Group reiterated a “house stock” rating on shares of AG.L in a report on Tuesday, August 4th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 800 target price on shares of AG.L in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.