First Majestic Silver Corp. (TSE:AG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of First Majestic Silver Corp. (TSE:AG – Get Free Report) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$33.40.

A number of analysts have issued reports on AG shares. BMO Capital Markets raised shares of First Majestic Silver from a “hold” rating to an “outperform” rating and set a C$35.00 price objective for the company in a report on Tuesday, March 24th. Scotiabank raised shares of First Majestic Silver to a “hold” rating in a report on Thursday, April 23rd.

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First Majestic Silver Stock Down 0.9%

TSE AG opened at C$25.26 on Friday. The company has a market capitalization of C$12.47 billion, a P/E ratio of 42.81 and a beta of 2.66. First Majestic Silver has a 12-month low of C$10.69 and a 12-month high of C$43.69. The firm has a 50-day moving average price of C$27.67 and a two-hundred day moving average price of C$28.60.

First Majestic Silver (TSE:AG – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$662.71 million during the quarter. First Majestic Silver had a net margin of 19.45% and a return on equity of 10.82%. Equities analysts expect that First Majestic Silver will post 0.4623323 EPS for the current year.

About First Majestic Silver

(Get Free Report)

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.

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