First Majestic Silver (NYSE:AG) (TSE:FR) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday, TheStreetRatingsTable reports.
AG has been the topic of a number of other reports. HC Wainwright set a $11.00 target price on Cerecor and gave the stock a “buy” rating in a report on Wednesday, April 17th. BMO Capital Markets reaffirmed a “hold” rating on shares of First Majestic Silver in a report on Tuesday, April 2nd. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Finally, ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $7.69.
Shares of First Majestic Silver stock opened at $9.90 on Thursday. First Majestic Silver has a one year low of $4.59 and a one year high of $10.24. The business has a fifty day moving average of $7.37. The company has a market cap of $2.00 billion, a PE ratio of -47.14 and a beta of 0.10. The company has a current ratio of 3.24, a quick ratio of 2.78 and a debt-to-equity ratio of 0.24.
In other First Majestic Silver news, major shareholder Vinita Lee Piper purchased 22,055 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $5.93 per share, for a total transaction of $130,786.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.
A number of hedge funds have recently modified their holdings of AG. Nordea Investment Management AB purchased a new position in shares of First Majestic Silver during the first quarter valued at about $27,000. IHT Wealth Management LLC purchased a new position in shares of First Majestic Silver during the fourth quarter valued at about $70,000. QCM Cayman Ltd. purchased a new position in shares of First Majestic Silver during the first quarter valued at about $168,000. Teza Capital Management LLC purchased a new position in shares of First Majestic Silver during the first quarter valued at about $192,000. Finally, Commonwealth Equity Services LLC grew its position in shares of First Majestic Silver by 12.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,059 shares of the mining company’s stock valued at $265,000 after purchasing an additional 5,038 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.
First Majestic Silver Company Profile
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.
Featured Story: Net Income
Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.