First Majestic Silver (AG) Stock Forecast & Price Target

$6.45 -0.09 (-1.38%)

(As of 02:15 PM ET)

First Majestic Silver - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 2 Analyst Ratings

Sell
0

Hold
1

Buy
1

Based on 2 Wall Street analysts who have issued ratings for First Majestic Silver in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for AG.

Consensus Price Target

$7.50
16.28% Upside

According to the 2 analysts' twelve-month price targets for First Majestic Silver, the average price target is $7.50. The highest price target for AG is $8.50, while the lowest price target for AG is $6.50. The average price target represents a forecasted upside of 16.28% from the current price of $6.45.

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AG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$7.50	$7.50	$7.50	$12.00
Forecasted Upside	16.28% Upside	-5.36% Downside	29.65% Upside	120.39% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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AG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Majestic Silver Stock vs. The Competition

Type	First Majestic Silver	Basic Materials Companies	S&P 500
Consensus Rating Score	2.50	2.76	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.59% Upside	123.41% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent AG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/18/2024	HC Wainwright 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$8.50 ➝ $8.50	+34.28%
9/6/2024	Cormark 3 of 5 stars	R. Gray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
5/23/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$5.50 ➝ $6.50	-7.80%
9/14/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform ➝ Market Perform
8/4/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$10.50 ➝ C$10.00
2/14/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$14.50 ➝ C$11.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:34 PM ET.

AG Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for First Majestic Silver is $7.50, with a high forecast of $8.50 and a low forecast of $6.50.
: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Majestic Silver in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AG shares.
: According to analysts, First Majestic Silver's stock has a predicted upside of 16.28% based on their 12-month stock forecasts.
: Over the previous 90 days, First Majestic Silver's stock had 1 upgrade by analysts.
: First Majestic Silver has been rated by research analysts at Cormark, and HC Wainwright in the past 90 days.
: Analysts like First Majestic Silver less than other "basic materials" companies. The consensus rating score for First Majestic Silver is 2.50 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how AG compares to other companies.

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This page (NYSE:AG) was last updated on 11/21/2024 by MarketBeat.com Staff

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First Majestic Silver (AG) Stock Forecast & Price Target