HC Wainwright reissued their buy rating on shares of First Majestic Silver (NYSE:AG) (TSE:FR) in a research note released on Friday, December 22nd. HC Wainwright currently has a $14.00 price target on the mining company’s stock.
Other analysts have also issued research reports about the stock. ValuEngine lowered shares of First Majestic Silver from a hold rating to a sell rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of First Majestic Silver from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. BMO Capital Markets assumed coverage on shares of First Majestic Silver in a research note on Friday, November 17th. They issued a market perform rating for the company. Finally, Scotiabank reduced their target price on shares of First Majestic Silver from $11.50 to $9.75 and set a sector perform rating for the company in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. First Majestic Silver has an average rating of Hold and an average target price of $10.50.
First Majestic Silver (NYSE:AG) traded down $0.18 on Friday, hitting $6.79. 8,566,691 shares of the company were exchanged, compared to its average volume of 2,820,000. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.77 and a quick ratio of 3.38. First Majestic Silver has a one year low of $5.92 and a one year high of $10.92. The company has a market capitalization of $1,150.00, a price-to-earnings ratio of 226.33 and a beta of 0.20.
A number of large investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in First Majestic Silver by 71.0% during the second quarter. Van ECK Associates Corp now owns 19,593,256 shares of the mining company’s stock valued at $162,820,000 after acquiring an additional 8,137,139 shares in the last quarter. Vanguard Group Inc. grew its stake in First Majestic Silver by 5.4% during the second quarter. Vanguard Group Inc. now owns 3,346,737 shares of the mining company’s stock valued at $27,811,000 after acquiring an additional 172,004 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in First Majestic Silver by 513.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 2,109,456 shares of the mining company’s stock valued at $14,429,000 after acquiring an additional 1,765,678 shares in the last quarter. Global X MANAGEMENT CO LLC grew its stake in First Majestic Silver by 8.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,052,117 shares of the mining company’s stock valued at $13,980,000 after acquiring an additional 154,623 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new position in First Majestic Silver during the second quarter valued at approximately $5,591,000. 29.95% of the stock is owned by institutional investors.
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About First Majestic Silver
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.
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