Analyst Rating Update on First Majestic Silver (AG)

First Majestic Silver (AG) : Zacks Investment Research ranks First Majestic Silver (AG) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.86, which indicates as a Hold.

First Majestic Silver (AG) : 7 investment research analysts covering First Majestic Silver (AG) have an average price target of $11.64 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $4 for the short term. Analysts expect the variance to be within $5.51 of the average price.

Company shares have received an average consensus rating of Hold for the current week


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 $17.97 and $17.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.20, notching a gain of 0.89% for the day. The total traded volume was 3,949,893 . The stock had closed at $18.04 on the previous day.

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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