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First Majestic Silver (TSE:AG) Stock Price Expected to Rise, Cormark Analyst Says

First Majestic Silver logo with Basic Materials background

Key Points

  • Cormark's analysts have increased their target price for First Majestic Silver from C$17.50 to C$22.00, indicating a potential upside of approximately 21.82% from its previous close.
  • Currently, the stock holds a consensus rating of "Moderate Buy", with mixed ratings including two Buy and two Hold ratings from analysts.
  • First Majestic Silver's stock price has recently shown positive momentum, trading at C$18.06, significantly above its 52-week low of C$7.40.
  • Five stocks we like better than First Majestic Silver.

First Majestic Silver (TSE:AG - Get Free Report) had its target price increased by equities research analysts at Cormark from C$17.50 to C$22.00 in a research report issued on Monday,BayStreet.CA reports. Cormark's price objective would indicate a potential upside of 21.82% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. National Bank Financial upgraded First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. ATB Capital upgraded shares of First Majestic Silver from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$47.00 to C$52.00 in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$32.00.

Read Our Latest Stock Report on First Majestic Silver

First Majestic Silver Price Performance

Shares of AG traded up C$1.14 during mid-day trading on Monday, reaching C$18.06. The stock had a trading volume of 3,331,798 shares, compared to its average volume of 1,521,032. The business's fifty day moving average is C$13.36 and its 200 day moving average is C$11.06. The firm has a market cap of C$8.82 billion, a price-to-earnings ratio of -1,806.00 and a beta of 1.60. First Majestic Silver has a 52-week low of C$7.40 and a 52-week high of C$18.92.

About First Majestic Silver

(Get Free Report)

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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