First Majestic Silver Corp. (TSE:AG) Receives Consensus Recommendation of “Buy” from Analysts

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

A number of research analysts recently issued reports on the company. BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research report on Tuesday, March 24th. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd. Finally, TD Securities lifted their price objective on shares of First Majestic Silver from C$22.00 to C$36.00 in a research report on Thursday, January 22nd.

First Majestic Silver Stock Down 7.8%

Shares of TSE:AG opened at C$25.87 on Wednesday. First Majestic Silver has a fifty-two week low of C$7.77 and a fifty-two week high of C$43.69. The firm has a 50-day simple moving average of C$29.25 and a 200 day simple moving average of C$27.18. The company has a market cap of C$12.77 billion, a PE ratio of 43.85 and a beta of 2.85.

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

About First Majestic Silver

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.