First Majestic Silver (TSE:AG) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of First Majestic Silver (TSE:AG) from a hold rating to an outperform rating in a report issued on Tuesday, Marketbeat.com reports. BMO Capital Markets currently has C$35.00 price target on the stock.

Separately, TD Securities upped their price target on First Majestic Silver from C$22.00 to C$36.00 in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, First Majestic Silver has an average rating of “Buy” and an average price target of C$33.40.

First Majestic Silver Price Performance

TSE:AG opened at C$26.76 on Tuesday. The firm has a market capitalization of C$13.20 billion, a P/E ratio of 78.71 and a beta of 2.41. First Majestic Silver has a one year low of C$7.40 and a one year high of C$43.69. The company’s 50-day simple moving average is C$32.88 and its 200 day simple moving average is C$24.03.

First Majestic Silver (TSE:AG) last announced its earnings results on Thursday, February 19th. The company reported C$0.41 earnings per share for the quarter. First Majestic Silver had a net margin of 13.14% and a return on equity of 6.49%. The business had revenue of C$621.00 million during the quarter. On average, 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.