First Majestic Silver Corp. (TSE:AG) Given Consensus Rating of “Buy” by Brokerages

First Majestic Silver Corp. (TSE:AG) has received an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$33.40.

Several equities analysts recently commented on the stock. BMO Capital Markets raised shares of First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price target for the company in a research report on Tuesday, March 24th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a research report on Thursday, April 23rd.

First Majestic Silver Stock Performance

Shares of AG opened at C$24.67 on Friday. The company has a market capitalization of C$12.18 billion, a price-to-earnings ratio of 41.81 and a beta of 2.66. The company’s 50 day simple moving average is C$28.04 and its 200 day simple moving average is C$28.34. First Majestic Silver has a 1 year low of C$10.69 and a 1 year high of C$43.69.

First Majestic Silver (TSE:AG) last announced 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 net margin of 19.45% and a return on equity of 10.82%. The business had revenue of C$662.71 million for the quarter. Equities analysts expect 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.