First Majestic Silver (TSE:AG) Upgraded by National Bank Financial to “Strong-Buy” Rating

First Majestic Silver (TSE:AG) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Sunday,Zacks.com reports.

AG has been the subject of several other reports. ATB Capital upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$47.00 to C$52.00 in a research note on Wednesday, August 6th. National Bankshares upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$20.00 to C$22.00 in a research note on Monday. Finally, Cormark raised their price target on shares of First Majestic Silver from C$17.50 to C$22.00 in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$32.00.

First Majestic Silver Trading Up 5.9%

Shares of TSE AG opened at C$17.91 on Friday. First Majestic Silver has a 12 month low of C$7.40 and a 12 month high of C$18.92. The company has a 50 day simple moving average of C$13.49 and a two-hundred day simple moving average of C$11.11. The stock has a market cap of C$8.75 billion, a price-to-earnings ratio of -1,791.00 and a beta of 1.60.

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.