ATB Capital Upgrades First Majestic Silver (TSE:AG) to “Outperform”

First Majestic Silver (TSE:AG) was upgraded by equities research analysts at ATB Capital from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a C$52.00 price target on the stock, up from their previous price target of C$47.00. ATB Capital’s price target points to a potential upside of 332.97% from the company’s current price.

Separately, National Bank Financial raised First Majestic Silver to a “hold” rating in a report on Thursday, June 12th.

First Majestic Silver Trading Up 4.2%

Shares of TSE AG opened at C$12.01 on Wednesday. The stock has a 50 day simple moving average of C$11.34 and a 200-day simple moving average of C$9.49. The company has a market cap of C$4.06 billion, a PE ratio of -31.14 and a beta of 1.36. First Majestic Silver has a 12-month low of C$6.23 and a 12-month high of C$12.97.

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.