Cormark Forecasts Strong Price Appreciation for First Majestic Silver (TSE:AG) Stock

First Majestic Silver (TSE:AG) had its price objective upped by Cormark from C$14.00 to C$17.50 in a report issued on Friday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 37.90% from the stock’s current price.

Several other analysts have also recently weighed in on AG. ATB Capital raised shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$47.00 to C$52.00 in a research note on Wednesday, August 6th. National Bank Financial upgraded First Majestic Silver to a “hold” rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Majestic Silver has a consensus rating of “Hold” and an average target price of C$25.67.

First Majestic Silver Trading Up 1.2%

Shares of AG opened at C$12.69 on Friday. First Majestic Silver has a 12-month low of C$6.23 and a 12-month high of C$13.55. The firm has a 50-day moving average price of C$11.93 and a 200 day moving average price of C$10.12. The firm has a market capitalization of C$6.20 billion, a P/E ratio of -1,269.00 and a beta of 1.15.

First Majestic Silver Company Profile

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.