The stock of First Majestic Silver Corp (NYSE:AG) is a huge mover today! About 1.61M shares traded hands. First Majestic Silver Corp (NYSE:AG) has risen 66.80% since March 4, 2016 and is uptrending. It has outperformed by 58.76% the S&P500.
The move comes after 8 months positive chart setup for the $1.33B company. It was reported on Oct, 7 by Barchart.com. We have $13.59 PT which if reached, will make NYSE:AG worth $824.60M more.
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 $11.10M for 29.96 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. $8.75 is the highest target while $5.50 is the lowest. The $7.13 average target is -15.02% below today’s ($8.39) stock price. First Majestic Silver Corp. has been the topic of 7 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, April 15 by Rodman & Renshaw. The stock of First Majestic Silver Corp (NYSE:AG) earned “Underperform” rating by BMO Capital Markets on Monday, March 14. Desjardins Securities downgraded the shares of AG in a report on Thursday, March 31 to “Sell” rating. The firm earned “Underperform” rating on Wednesday, April 20 by Raymond James. On Monday, March 7 the stock rating was downgraded by TD Securities to “Hold”. The stock of First Majestic Silver Corp (NYSE:AG) has “Hold” rating given on Wednesday, June 29 by TD Securities. Desjardins Securities downgraded the stock to “Hold” rating in Wednesday, October 7 report.
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.”
Another recent and important First Majestic Silver Corp (NYSE:AG) news was published by Fool.ca which published an article titled: “Why First Majestic Silver Corp. Is 1 of the Best Plays on Silver” on September 23, 2016.
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