First Majestic Silver Corp.’s (AG) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in a research note published on Wednesday. HC Wainwright currently has a $14.00 price objective on the mining company’s stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of First Majestic Silver Corp. from a strong sell rating to a hold rating in a report on Wednesday, October 4th. BidaskClub lowered shares of First Majestic Silver Corp. from a hold rating to a sell rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $12.67.

Shares of First Majestic Silver Corp. (NYSE AG) traded up 1.45% on Wednesday, reaching $7.01. 1,913,648 shares of the company were exchanged. First Majestic Silver Corp. has a 12-month low of $5.92 and a 12-month high of $10.92. The stock has a market capitalization of $1.16 billion, a PE ratio of 89.87 and a beta of 0.21. The firm has a 50 day moving average price of $7.10 and a 200-day moving average price of $7.73.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, August 3rd. The mining company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.07). The firm had revenue of $60.10 million for the quarter, compared to the consensus estimate of $77.62 million. First Majestic Silver Corp. had a return on equity of 1.60% and a net margin of 5.11%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS.

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Several large investors have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of First Majestic Silver Corp. by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 43,521 shares of the mining company’s stock worth $102,000 after buying an additional 695 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of First Majestic Silver Corp. by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 28,252 shares of the mining company’s stock worth $234,000 after buying an additional 1,089 shares during the last quarter. Aperio Group LLC increased its holdings in shares of First Majestic Silver Corp. by 1.9% in the 2nd quarter. Aperio Group LLC now owns 99,218 shares of the mining company’s stock worth $825,000 after buying an additional 1,873 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Majestic Silver Corp. by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock worth $129,000 after buying an additional 2,408 shares during the last quarter. Finally, National Planning Corp increased its holdings in shares of First Majestic Silver Corp. by 5.4% in the 2nd quarter. National Planning Corp now owns 46,914 shares of the mining company’s stock worth $360,000 after buying an additional 2,409 shares during the last quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Corp. Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development o

A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of First Majestic Silver Corp. from a strong sell rating to a hold rating in a report on Wednesday, October 4th. BidaskClub lowered shares of First Majestic Silver Corp. from a hold rating to a sell rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $12.67.

Shares of First Majestic Silver Corp. (NYSE AG) traded up 1.45% on Wednesday, reaching $7.01. 1,913,648 shares of the company were exchanged. First Majestic Silver Corp. has a 12-month low of $5.92 and a 12-month high of $10.92. The stock has a market capitalization of $1.16 billion, a PE ratio of 89.87 and a beta of 0.21. The firm has a 50 day moving average price of $7.10 and a 200-day moving average price of $7.73.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last posted its earnings results on Thursday, August 3rd. The mining company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.07). The firm had revenue of $60.10 million for the quarter, compared to the consensus estimate of $77.62 million. First Majestic Silver Corp. had a return on equity of 1.60% and a net margin of 5.11%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/19/first-majestic-silver-corp-s-ag-buy-rating-reaffirmed-at-hc-wainwright.html.

Several large investors have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of First Majestic Silver Corp. by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 43,521 shares of the mining company’s stock worth $102,000 after buying an additional 695 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of First Majestic Silver Corp. by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 28,252 shares of the mining company’s stock worth $234,000 after buying an additional 1,089 shares during the last quarter. Aperio Group LLC increased its holdings in shares of First Majestic Silver Corp. by 1.9% in the 2nd quarter. Aperio Group LLC now owns 99,218 shares of the mining company’s stock worth $825,000 after buying an additional 1,873 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Majestic Silver Corp. by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock worth $129,000 after buying an additional 2,408 shares during the last quarter. Finally, National Planning Corp increased its holdings in shares of First Majestic Silver Corp. by 5.4% in the 2nd quarter. National Planning Corp now owns 46,914 shares of the mining company’s stock worth $360,000 after buying an additional 2,409 shares during the last quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Corp. Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

Analyst Recommendations for First Majestic Silver Corp. (NYSE:AG)

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