First Majestic Silver (NYSE:AG) (TSE:FR) was downgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a note issued to investors on Friday.
Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of First Majestic Silver from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of First Majestic Silver in a report on Friday, November 3rd. Finally, Scotiabank decreased their price objective on shares of First Majestic Silver from $11.50 to $9.75 and set a “sector perform” rating for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. First Majestic Silver has an average rating of “Hold” and an average price target of $10.50.
Shares of First Majestic Silver (NYSE:AG) opened at $6.93 on Friday. First Majestic Silver has a twelve month low of $5.92 and a twelve month high of $10.92. The firm has a market cap of $1,265.92, a PE ratio of 231.08 and a beta of 0.21. The company has a current ratio of 3.77, a quick ratio of 3.38 and a debt-to-equity ratio of 0.04.
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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.
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