Notable Runner: Could First Majestic Silver Corp Gain Strenght? The Stock Reaches 52-Week Low

Notable Runner: Could First Majestic Silver Corp Gain Strenght? The Stock Reaches 52 Week Low

The stock of First Majestic Silver Corp (NYSE:AG) is a huge mover today! The stock decreased 3.24% or $0.29 on October 5, hitting $8.65. About 10.25M shares traded hands or 32.77% up from the average. First Majestic Silver Corp (NYSE:AG) has risen 100.90% since March 2, 2016 and is uptrending. It has outperformed by 92.64% the S&P500.
The move comes after 8 months negative chart setup for the $1.46 billion company. It was reported on Oct, 5 by Barchart.com. We have $7.96 PT which if reached, will make NYSE:AG worth $116.80M less.

Analysts await First Majestic Silver Corp (NYSE:AG) to report earnings on November, 21. They expect $0.07 earnings per share, up 216.67% or $0.13 from last year’s $-0.06 per share. AG’s profit will be $11.82 million for 30.89 P/E if the $0.07 EPS becomes a reality. After $0.04 actual earnings per share reported by First Majestic Silver Corp for the previous quarter, Wall Street now forecasts 75.00% EPS growth.

First Majestic Silver Corp (NYSE:AG) Ratings Coverage

Out of 5 analysts covering First Majestic Silver Corp. (NYSE:AG), 1 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 20% are positive. First Majestic Silver Corp. has been the topic of 7 analyst reports since October 7, 2015 according to StockzIntelligence Inc. TD Securities downgraded the stock to “Hold” rating in Wednesday, June 29 report. Rodman & Renshaw maintained the shares of AG in a report on Friday, April 15 with “Buy” rating. The firm has “Hold” rating by TD Securities given on Monday, March 7. The rating was downgraded by Raymond James to “Underperform” on Wednesday, April 20. Desjardins Securities downgraded the stock to “Sell” rating in Thursday, March 31 report. The stock of First Majestic Silver Corp (NYSE:AG) has “Underperform” rating given on Monday, March 14 by BMO Capital Markets. The stock of First Majestic Silver Corp (NYSE:AG) has “Hold” rating given on Wednesday, October 7 by Desjardins Securities.

According to Zacks Investment Research, “First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada.”

More news for First Majestic Silver Corp (NYSE:AG) were recently published by: Fool.ca, which released: “Why First Majestic Silver Corp. Is 1 of the Best Plays on Silver” on September 23, 2016. Seekingalpha.com‘s article titled: “First Majestic Silver: More Upside Than You Think” and published on September 06, 2016 is yet another important article.

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