First Majestic Silver (TSE:AG) Stock Rating Upgraded by National Bank Financial

Key Points

• First Majestic Silver's stock rating has been upgraded by National Bank Financial from a "hold" to a "strong-buy".
• Other analysts have also raised their ratings and price targets for the company, with an average price target set at C$32.00.
• As of the latest trading, First Majestic Silver shares have increased by 5.9%, reflecting a 12-month high of C$18.92.

First Majestic Silver (TSE:AG - Get Free Report) was upgraded by stock analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research note issued on Sunday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. ATB Capital upgraded First Majestic Silver from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$47.00 to C$52.00 in a research report on Wednesday, August 6th. Cormark upped their target price on shares of First Majestic Silver from C$17.50 to C$22.00 in a research report on Monday. Finally, National Bankshares upgraded shares of First Majestic Silver from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$20.00 to C$22.00 in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, First Majestic Silver currently has an average rating of "Buy" and a consensus price target of C$32.00.

First Majestic Silver Trading Up 5.9%

First Majestic Silver stock opened at C$17.91 on Friday. First Majestic Silver has a 12-month low of C$7.40 and a 12-month high of C$18.92. The firm has a market capitalization of C$8.75 billion, a price-to-earnings ratio of -1,791.00 and a beta of 1.60. The firm has a 50 day moving average of C$13.49 and a 200 day moving average of C$11.11.

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.

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