First Majestic Silver Corp. (NYSE:AG) Receives “Buy” Rating from HC Wainwright

First Majestic Silver Corp. (NYSE:AG) (TSE:FR)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research report issued on Friday, November 3rd. They presently have a $14.00 target price on the mining company’s stock. HC Wainwright’s target price would suggest a potential upside of 103.49% from the company’s current price.

AG has been the topic of several other research reports. BidaskClub lowered First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research raised First Majestic Silver Corp. from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.50.

Shares of First Majestic Silver Corp. (NYSE AG) traded up $0.15 during midday trading on Friday, hitting $6.88. The stock had a trading volume of 2,256,721 shares, compared to its average volume of 3,906,757. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.38 and a current ratio of 3.77. First Majestic Silver Corp. has a twelve month low of $5.92 and a twelve month high of $10.92.

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Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of First Majestic Silver Corp. by 1.6% during the 2nd quarter. Advisor Group Inc. now owns 43,521 shares of the mining company’s stock valued at $102,000 after acquiring an additional 695 shares during the period. Legal & General Group Plc lifted its position in shares of First Majestic Silver Corp. by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 28,252 shares of the mining company’s stock valued at $234,000 after acquiring an additional 1,089 shares during the period. Aperio Group LLC lifted its position in shares of First Majestic Silver Corp. by 1.9% during the 2nd quarter. Aperio Group LLC now owns 99,218 shares of the mining company’s stock valued at $825,000 after acquiring an additional 1,873 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Majestic Silver Corp. by 18.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock valued at $129,000 after acquiring an additional 2,408 shares during the period. Finally, National Planning Corp lifted its position in shares of First Majestic Silver Corp. by 5.4% during the 2nd quarter. National Planning Corp now owns 46,914 shares of the mining company’s stock valued at $360,000 after acquiring an additional 2,409 shares during the period. Institutional investors own 29.87% of the company’s stock.

About First Majestic Silver Corp.

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

Analyst Recommendations for First Majestic Silver Corp. (NYSE:AG)

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