First Majestic Silver (NYSE:AG) (TSE:FR)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a report issued on Friday. They presently have a $14.00 price target on the mining company’s stock. HC Wainwright’s price target would indicate a potential upside of 102.02% from the stock’s previous close.

Several other research firms have also recently issued reports on AG. ValuEngine upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Scotiabank decreased their target price on shares of First Majestic Silver from $11.50 to $9.75 and set a “sector perform” rating for the company in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of First Majestic Silver from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BMO Capital Markets started coverage on shares of First Majestic Silver in a research note on Friday, November 17th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. First Majestic Silver presently has a consensus rating of “Hold” and an average target price of $10.50.

Shares of First Majestic Silver (NYSE AG) opened at $6.93 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.38 and a current ratio of 3.77. First Majestic Silver has a 12 month low of $5.92 and a 12 month high of $10.92. The company has a market cap of $1,265.92, a P/E ratio of 231.08 and a beta of 0.21.

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC raised its position in First Majestic Silver by 176.3% during the third quarter. Virtu Financial LLC now owns 48,709 shares of the mining company’s stock worth $143,000 after acquiring an additional 31,080 shares during the period. Cubist Systematic Strategies LLC acquired a new position in First Majestic Silver during the third quarter worth $346,000. PEAK6 Investments L.P. raised its position in First Majestic Silver by 191.9% during the third quarter. PEAK6 Investments L.P. now owns 53,198 shares of the mining company’s stock worth $364,000 after acquiring an additional 34,975 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in First Majestic Silver by 513.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 2,109,456 shares of the mining company’s stock worth $14,429,000 after acquiring an additional 1,765,678 shares during the period. Finally, ING Groep NV raised its position in First Majestic Silver by 60.1% during the third quarter. ING Groep NV now owns 26,420 shares of the mining company’s stock worth $181,000 after acquiring an additional 9,920 shares during the period. Institutional investors own 29.95% of the company’s stock.

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First Majestic Silver Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

Analyst Recommendations for First Majestic Silver (NYSE:AG)

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