First Majestic Silver (TSE:AG) Rating Increased to Outperform at ATB Capital

Key Points

• First Majestic Silver has been upgraded by ATB Capital from a "sector perform" to an "outperform" rating, with a new price target of C$52.00, suggesting a potential upside of 351.39% from its previous closing price.
• Additionally, National Bank Financial has also upgraded First Majestic Silver's rating to "hold" as of June 12th.
• The stock is trading flat at C$11.52, with a market capitalization of C$3.90 billion and a 52-week price range of C$6.23 to C$12.97.

First Majestic Silver (TSE:AG - Get Free Report) was upgraded by investment analysts at ATB Capital from a "sector perform" rating to an "outperform" rating in a report released on Wednesday,BayStreet.CA reports. The firm currently has a C$52.00 price objective on the stock, up from their previous price objective of C$47.00. ATB Capital's target price indicates a potential upside of 339.56% from the company's previous close.

Separately, National Bank Financial upgraded First Majestic Silver to a "hold" rating in a research note on Thursday, June 12th.

First Majestic Silver Price Performance

AG stock traded down C$0.18 on Wednesday, hitting C$11.83. 957,213 shares of the company were exchanged, compared to its average volume of 1,387,560. First Majestic Silver has a twelve month low of C$6.23 and a twelve month high of C$12.97. The business's fifty day moving average is C$11.40 and its two-hundred day moving average is C$9.53. The stock has a market capitalization of C$4.00 billion, a price-to-earnings ratio of -30.67 and a beta of 1.36.

About First Majestic Silver

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.