First Majestic Silver (TSE:AG) Upgraded at Scotiabank

Scotiabank upgraded shares of First Majestic Silver (TSE:AG) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. BMO Capital Markets raised First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a research report on Tuesday, March 24th. TD Securities boosted their price objective on shares of First Majestic Silver from C$22.00 to C$36.00 in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, First Majestic Silver currently has a consensus rating of “Buy” and a consensus target price of C$33.40.

First Majestic Silver Stock Up 1.2%

TSE AG opened at C$28.07 on Thursday. The business has a 50-day moving average price of C$31.82 and a 200-day moving average price of C$26.07. First Majestic Silver has a twelve month low of C$7.66 and a twelve month high of C$43.69. The firm has a market cap of C$13.84 billion, a price-to-earnings ratio of 82.56 and a beta of 2.81.

First Majestic Silver (TSE:AG) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.41 EPS for the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%.The company had revenue of C$621.00 million for the quarter. Research analysts expect that First Majestic Silver will post 0.4623323 EPS for the current fiscal year.

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.