First Majestic Silver (TSE:AG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

First Majestic Silver (TSE:AG) had its price target raised by investment analysts at BMO Capital Markets from C$18.50 to C$21.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 13.15% from the stock’s current price.

AG has been the topic of several other research reports. Cormark raised their target price on shares of First Majestic Silver from C$17.50 to C$22.00 in a report on Monday, October 6th. National Bank Financial upgraded shares of First Majestic Silver from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 5th. National Bankshares upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$20.00 to C$22.00 in a report on Monday, October 6th. TD Securities upgraded shares of First Majestic Silver from a “hold” rating to a “buy” rating and raised their target price for the stock from C$14.00 to C$22.00 in a report on Wednesday. Finally, ATB Capital upgraded shares of First Majestic Silver from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$47.00 to C$52.00 in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$27.80.

First Majestic Silver Stock Down 3.7%

TSE:AG opened at C$18.56 on Thursday. The company’s 50 day moving average price is C$14.10 and its 200-day moving average price is C$11.34. First Majestic Silver has a 52 week low of C$7.40 and a 52 week high of C$20.55. The stock has a market cap of C$9.09 billion, a price-to-earnings ratio of -1,856.00 and a beta of 1.60.

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.