First Majestic Silver (TSE:AG) Raised to "Hold" at Scotiabank

Key Points

• Scotiabank upgraded First Majestic Silver to a "hold" rating in a note to investors.
• Several other analysts are more bullish — TD raised its target to C$36 and BMO moved to "outperform" with a C$35 target, leaving a consensus rating of Buy and a consensus price target of C$33.40.
• Shares opened at C$28.07 with a market cap of C$13.84 billion and a P/E of 82.56; last quarter EPS was C$0.41 on C$621 million of revenue.

First Majestic Silver (TSE:AG - Get Free Report) was upgraded by analysts at Scotiabank to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on AG. TD Securities increased their target price on First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd. BMO Capital Markets raised First Majestic Silver from a "hold" rating to an "outperform" rating and set a C$35.00 price target for the company in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$33.40.

First Majestic Silver Stock Up 1.2%

Shares of AG stock opened at C$28.07 on Thursday. The stock has a market cap of C$13.84 billion, a price-to-earnings ratio of 82.56 and a beta of 2.81. The business's fifty day moving average is C$31.82 and its 200 day moving average is C$26.02. First Majestic Silver has a twelve month low of C$7.66 and a twelve month high of C$43.69.

First Majestic Silver (TSE:AG - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$621.00 million for the quarter. First Majestic Silver had a return on equity of 6.49% and a net margin of 13.14%. Equities research analysts expect that First Majestic Silver will post 0.4623323 earnings per share for the current fiscal year.

First Majestic Silver Company Profile

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.

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