First Majestic Silver (TSE:AG) Upgraded by BMO Capital Markets to “Outperform” Rating

BMO Capital Markets upgraded shares of First Majestic Silver (TSE:AG) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has C$35.00 price objective on the stock.

Separately, TD Securities upped their target price on First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$33.40.

First Majestic Silver Stock Up 5.0%

TSE:AG opened at C$27.64 on Tuesday. First Majestic Silver has a 52 week low of C$7.40 and a 52 week high of C$43.69. The stock’s 50-day moving average price is C$32.88 and its 200-day moving average price is C$23.98. The stock has a market capitalization of C$13.63 billion, a PE ratio of 81.29 and a beta of 2.41.

First Majestic Silver (TSE:AG) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share 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 during the quarter. Sell-side analysts expect that First Majestic Silver will post 0.4623323 earnings per share 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.