AG.L (LON:AG) Stock Rating Cut to “Hold” at Berenberg Bank

AG.L (LON:AG – Get Free Report) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They presently have a GBX 625 price objective on the stock, down from their previous price objective of GBX 800.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 800 target price on shares of AG.L in a research report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and issued a GBX 800 price target on shares of AG.L in a research report on Tuesday, August 4th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of AG.L in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, AG.L presently has an average rating of “Moderate Buy” and an average target price of GBX 756.25.

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AG.L Stock Performance

About AG.L

(Get Free Report)

First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Production from these mines are projected to be between 12.5 to 13.9 million silver ounces or 20.6 to 22.9 million silver equivalent ounces in 2021.

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