Raymond James increased their price target on shares of First Majestic Silver (NYSE: AG) from $25.50 to $26.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on AG. Analysts at Zacks downgraded shares of First Majestic Silver from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 18th. They now have a $25.50 price target on the stock. Separately, analysts at UBS AG upgraded shares of First Majestic Silver from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 20th. Finally, analysts at Dundee Securities raised their price target on shares of First Majestic Silver from $25.10 to $25.80 in a research note to investors on Monday, October 22nd.
First Majestic Silver traded up 1.00% on Thursday, hitting $20.25. First Majestic Silver has a 52-week low of $12.12 and a 52-week high of $24.20. The stock’s 50-day moving average is currently $21.53. The company has a market cap of $2.350 billion and a price-to-earnings ratio of 25.35.
First Majestic Silver last announced its earnings results on Wednesday, November 14th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $63.60 million for the quarter, compared to the consensus estimate of $61.40 million. During the same quarter in 2012, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that First Majestic Silver will post $1.00 earnings per share for the current fiscal year.
First Majestic Silver Corp. (First Majestic), is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico.