First Majestic Silver Corp. (TSE:AG) Receives C$33.40 Average PT from Analysts

First Majestic Silver Corp. (TSE:AG) has received an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$33.40.

A number of equities analysts have commented on the company. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. BMO Capital Markets upgraded 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 note on Tuesday, March 24th. Finally, TD Securities raised their price objective on First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd.

First Majestic Silver Trading Down 0.3%

Shares of TSE AG opened at C$27.99 on Friday. The business’s 50 day moving average is C$31.75 and its 200-day moving average is C$26.18. First Majestic Silver has a 1-year low of C$7.66 and a 1-year high of C$43.69. The firm has a market cap of C$13.80 billion, a P/E ratio of 82.32 and a beta of 2.81.

First Majestic Silver (TSE:AG) last posted 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 firm had revenue of C$621.00 million for the quarter. Analysts forecast that First Majestic Silver will post 0.4623323 EPS for the current 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.