First Majestic Silver Corp (AG) was Downgraded by TD Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. TD Securities advised their investors in a research report released on Jun 29, 2016.
Many Wall Street Analysts have commented on First Majestic Silver Corp. First Majestic Silver Corp was Upgraded by Desjardins to ” Hold” on May 12, 2016. First Majestic Silver Corp was Downgraded by Raymond James to ” Underperform” on Apr 20, 2016.
On the company’s financial health, First Majestic Silver Corp reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 10, 2016. Analyst had a consensus of $-0.03. The company had revenue of $66.50 million for the quarter.The company’s revenue was up 21.8% compared to the same quarter last year.
First Majestic Silver Corp closed down -0.61 points or -4.67% at $12.46 with 72,38,478 shares getting traded on Monday. Post opening the session at $13.02, the shares hit an intraday low of $12.08 and an intraday high of $13.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
First Majestic Silver Corp is engaged in the business of silver production development exploration and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments including five operating segments located in Mexico one development project in Mexico one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Company’s other exploration properties. All of the Company’s operations are within the mining industry and its products are silver dore silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine La Parrilla Silver Mine Del Toro Silver Mine San Martin Silver Mine La Guitarra Silver Mine La Luz Silver Project Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.