Brokerage Firm Rating Update on First Majestic Silver (AG)

First Majestic Silver (AG) : 1 brokerage houses believe that First Majestic Silver (AG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on First Majestic Silver (AG). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.

First Majestic Silver (AG) : 5 investment research analysts covering First Majestic Silver (AG) have an average price target of $16.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $9 for the short term. Analysts expect the variance to be within $5.13 of the average price.


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

First Majestic Silver (NYSE:AG): The stock opened at $13.3 and touched an intraday high of $13.4 on Wednesday. During the day, the stock corrected to an intraday low of $12.95, however, the bulls stepped in and pushed the price higher to close in the green at $13.35 with a gain of 0.23% for the day. The total traded volume for the day was 7,355,951. The stock had closed at $13.32 in the previous trading session.

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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