First Majestic Silver (AG) : Analyst Rating Update

First Majestic Silver (AG) has an average broker rating of 2.86, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

First Majestic Silver (AG) : 7 investment research analysts covering First Majestic Silver (AG) have an average price target of $10.12 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 $4 of the average price.

First Majestic Silver (NYSE:AG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.11 and $14.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.32, notching a gain of 2.54% for the day. The total traded volume was 6,940,557 . The stock had closed at $14.94 on the previous day.

Also, Brokerage firm Raymond James downgrades its rating on First Majestic Silver (NYSE:AG). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 20, 2016. The company shares have rallied 221.98% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $15.05 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.10 and the 200 Day Moving Average price is recorded at $7.33.

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.

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