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

Shares of First Majestic Silver Corp. (TSE:AG) have earned an average rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$33.40.

A number of analysts recently weighed in on AG shares. BMO Capital Markets raised shares of First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a report on Tuesday, March 24th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd.

First Majestic Silver Stock Up 4.7%

AG stock opened at C$24.67 on Friday. First Majestic Silver has a fifty-two week low of C$10.69 and a fifty-two week high of C$43.69. The firm’s 50-day simple moving average is C$28.04 and its 200 day simple moving average is C$28.34. The stock has a market cap of C$12.18 billion, a PE ratio of 41.81 and a beta of 2.66.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.43 earnings per share 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 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.