First Majestic Silver Corp. (TSE:AG) Receives C$33.40 Average Price Target from Analysts

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

A number of equities analysts have recently commented on the company. TD Securities boosted their price target on First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. Scotiabank raised First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets upgraded First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, March 24th.

First Majestic Silver Trading Up 0.8%

TSE AG opened at C$26.97 on Friday. The firm’s 50 day simple moving average is C$31.45 and its 200 day simple moving average is C$26.24. The firm has a market capitalization of C$13.30 billion, a price-to-earnings ratio of 79.32 and a beta of 2.81. First Majestic Silver has a 1 year low of C$7.66 and a 1 year high of C$43.69.

First Majestic Silver (TSE:AG) last announced its quarterly earnings data on Thursday, February 19th. The company reported C$0.41 EPS for the quarter. First Majestic Silver had a net margin of 13.14% and a return on equity of 6.49%. The business had revenue of C$621.00 million during the quarter. On average, equities research analysts forecast that First Majestic Silver will post 0.4623323 earnings per share for the current 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.