First Majestic Silver (TSE:AG) Upgraded to “Outperform” at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of First Majestic Silver (TSE:AG) from a sector perform rating to an outperform rating in a research report report published on Friday morning, MarketBeat reports. They currently have C$37.00 price objective on the stock, up from their previous price objective of C$36.00.

AG has been the subject of a number of other research reports. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price for the company in a research report on Tuesday, March 24th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, First Majestic Silver currently has an average rating of “Buy” and a consensus target price of C$30.40.

First Majestic Silver Trading Down 1.3%

Shares of First Majestic Silver stock traded down C$0.32 during trading on Friday, hitting C$24.03. The stock had a trading volume of 1,516,908 shares, compared to its average volume of 1,929,959. First Majestic Silver has a 12 month low of C$10.69 and a 12 month high of C$43.69. The business’s 50-day moving average is C$26.38 and its 200 day moving average is C$28.83. The firm has a market cap of C$11.87 billion, a price-to-earnings ratio of 40.73 and a beta of 2.79.

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