First Majestic Silver (AG) Receives ‘Analyst’ Rating

First Majestic Silver (AG) : 7 analysts are covering First Majestic Silver (AG) and their average rating on the stock is 2.86, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. First Majestic Silver (AG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

First Majestic Silver (AG) stock is expected to deviate a maximum of $5.13 from the average target price of $16.7 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $22 and the most muted being $9.


First Majestic Silver (NYSE:AG): The stock opened in the green at $11.78 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.9275 and a low of $11.32 for the day. The stock did not find buyers even at the lows and closed at $11.66 recording a loss of -1.27%. 5,990,938 shares exchanged hands during the trading day. The stock had closed at $11.81 in the previous days trading.

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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