First Majestic Silver (NYSE:AG) PT Raised to $8.50 at HC Wainwright

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR had its price target upped by stock analysts at HC Wainwright from $7.00 to $8.50 in a research note issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the mining company's stock. HC Wainwright's price target indicates a potential upside of 26.11% from the stock's current price.

Separately, StockNews.com upgraded First Majestic Silver to a "sell" rating in a research report on Monday, February 26th.

First Majestic Silver Stock Performance

Shares of AG traded down $0.03 during midday trading on Friday, reaching $6.74. 10,369,793 shares of the stock were exchanged, compared to its average volume of 8,842,816. The business's 50-day moving average price is $5.66 and its 200 day moving average price is $5.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.57 and a quick ratio of 2.04. First Majestic Silver has a twelve month low of $4.17 and a twelve month high of $8.44. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -14.04 and a beta of 1.43.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its earnings results on Thursday, February 22nd. The mining company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The business had revenue of $136.95 million for the quarter. During the same quarter last year, the firm posted ($0.07) EPS. On average, sell-side analysts expect that First Majestic Silver will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On First Majestic Silver

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in First Majestic Silver by 19,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,000 shares of the mining company's stock valued at $33,000 after purchasing an additional 3,980 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in First Majestic Silver in the 4th quarter valued at approximately $33,000. JPMorgan Chase & Co. boosted its holdings in First Majestic Silver by 5,383.0% in the 1st quarter. JPMorgan Chase & Co. now owns 4,825 shares of the mining company's stock valued at $63,000 after purchasing an additional 4,737 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in First Majestic Silver in the 2nd quarter valued at approximately $27,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in First Majestic Silver in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 27.16% of the company's stock.

About First Majestic Silver

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.