First Majestic Silver (NYSE:AG) Stock Rating Upgraded by TD Securities

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR was upgraded by investment analysts at TD Securities to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. HC Wainwright reaffirmed a "buy" rating and set a $11.00 price objective on shares of First Majestic Silver in a report on Friday, February 21st. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Scotiabank decreased their price objective on First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $8.50.

First Majestic Silver Stock Up 10.4 %

Shares of NYSE AG opened at $6.13 on Monday. First Majestic Silver has a 52 week low of $4.43 and a 52 week high of $8.44. The business has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $6.04. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.97 billion, a P/E ratio of -17.50 and a beta of 1.16.

Remove Ads

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $172.34 million for the quarter, compared to analysts' expectations of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. Research analysts anticipate that First Majestic Silver will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Majestic Silver

Large investors have recently bought and sold shares of the stock. Barclays PLC bought a new stake in First Majestic Silver in the 3rd quarter worth $2,419,000. Realta Investment Advisors increased its holdings in First Majestic Silver by 16.8% during the 4th quarter. Realta Investment Advisors now owns 497,726 shares of the mining company's stock valued at $2,882,000 after purchasing an additional 71,456 shares during the period. National Bank of Canada FI raised its position in First Majestic Silver by 18.0% during the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company's stock valued at $4,102,000 after purchasing an additional 104,092 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in First Majestic Silver in the 3rd quarter worth approximately $748,000. Finally, XTX Topco Ltd grew its position in shares of First Majestic Silver by 1,510.1% in the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company's stock worth $1,630,000 after buying an additional 254,870 shares during the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

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 and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.