Majestic First Silver (NYSE:AG – Get a rating) (TSE:EN) had its price target lowered by equity researchers at BMO Capital Markets from C$12.00 to C$10.50 in a report on Friday, Fly reports.

A number of other stock analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of First Majestic Silver from a “strong sell” rating to a “hold” rating in a Tuesday, March 22 research note. TheStreet upgraded First Majestic Silver’s shares from a “c” rating to a “d+” rating in a Friday, April 22 research note. StockNews.com began covering First Majestic Silver shares in a research note on Thursday, March 31. They set a “sell” rating for the company. National Bank Financial raised its price target on shares of First Majestic Silver from C$17.00 to C$18.00 in a Wednesday, April 20 research note. Finally, TD Securities lowered its price target on shares of First Majestic Silver from C$20.00 to C$12.00 in a research note on Friday. One equity research analyst gave the stock a sell rating, three gave the company a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.63.

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NYSE:AG shares traded at $0.68 at midday Friday, hitting $8.11. 411,298 shares of the company were traded, against an average volume of 6,037,545. The company has a current ratio of 2.30, a quick ratio of 1.95 and a debt ratio of 0.15. The company’s fifty-day moving average is $12.38 and its two-hundred-day moving average is $11.84. First Majestic Silver has a one-year minimum of $7.24 and a one-year maximum of $18.93. The stock has a market capitalization of $2.12 billion, a PE ratio of -405.30 and a beta of 1.01.

Majestic First Silver (NYSE:AG – Get a rating) (TSE:FR) last released its quarterly earnings data on Thursday, March 10. The mining company reported EPS of $0.02 for the quarter, missing the consensus estimate of $0.07 per ($0.05). First Majestic Silver posted a negative net margin of 0.84% ​​and a positive return on equity of 0.45%. The company posted revenue of $204.90 million for the quarter, versus a consensus estimate of $263.74 million. In the same quarter last year, the company achieved EPS of $0.11. First Majestic Silver’s revenue for the quarter increased 75.0% compared to the same quarter last year. As a group, sell-side analysts expect First Majestic Silver to post 0.26 EPS for the current year.

A number of large investors have recently increased or reduced their holdings in AG. Van ECK Associates Corp increased its position in First Majestic Silver by 9.6% during the first quarter. Van ECK Associates Corp now owns 26,164,514 shares of the mining company worth $344,324,000 after buying an additional 2,293,995 shares in the last quarter. Norges Bank acquired a new stake in First Majestic Silver during Q4 for a value of approximately $19,635,000. Aaron Wealth Advisors LLC purchased a new equity stake in First Majestic Silver in Q1 valued at $126,536,000. Dimensional Fund Advisors LP increased its stake in shares of First Majestic Silver by 127.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,322,713 shares of the mining company worth $17,408,000 after acquiring an additional 740,867 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings of First Majestic Silver shares by 18.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,202,344 shares of the mining company worth $46,809,000 after purchasing an additional 641,019 shares in the last quarter. 39.65% of the shares are currently held by institutional investors.

First Majestic Silver Company Profile (Get a rating)

First Majestic Silver Corp. engages in the acquisition, exploration, development and production of mineral properties with an emphasis on the production of silver and gold in North America. It owns 100% interest in the San Dimas silver/gold mine covering an area of ​​71,868 hectares located in the states of Durango and Sinaloa; the Santa Elena silver/gold mine covering an area of ​​102,244 hectares located in Sonora; Jerritt Canyon Gold Mine which covers an area of ​​approximately 30,821 hectares located in Elko County, Nevada; and the La Encantada silver mine covering an area of ​​4,076 hectares located in Coahuila, as well as a surface landholding of 1,343 hectares.

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