Price Target Update on First Majestic Silver (NYSE:AG)

First Majestic Silver (NYSE:AG) : 7 investment research analysts covering First Majestic Silver (NYSE:AG) have an average price target of $9.4 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $4 for the short term. Analysts expect the variance to be within $3.99 of the average price.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Raymond James, downgrades their rating on the shares of First Majestic Silver (NYSE:AG). Raymond James has a Underperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 20, 2016.

First Majestic Silver (NYSE:AG): On Thursdays trading session , Opening price of the stock was $12.35 with an intraday high of $12.56. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.15. However, the stock managed to close at $12.4, a loss of 0.48% for the day. On the previous day, the stock had closed at $12.46. The total traded volume of the day was 2,949,632 shares.

The company shares have rallied 142.89% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $13.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.33 and the 200 Day Moving Average price is recorded at $6.68.

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 Companys other exploration properties. All of the Companys 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.