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First Majestic Silver (NYSE:AG) Rating was Lowered by Analysts at National Bank Financial to a Sector Perform Rating

National Bank of Canada Analyst Rating Change First Majestic Silver NYSE:AG

First Majestic Silver (NYSE:AG) Downgrade of Rating

In an analyst note revealed to investors and clients today, National Bank Financial downgraded shares of First Majestic Silver (NYSE:AG) to Sector Perform rating from Outperform rating.

Despite the rating downgrade NYSE:AG is right now trading 3.42% higher at $6.80 as of 4:07 PM New York time. First Majestic Silver’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has gained 6.00% over the same time.

According to data compiled by Thomson Reuters, First Majestic Silver (NYSE:AG)’s stock is covered by 4 equity analysts across the Street, with 1 analysts giving it a Sell rating, 2 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $7.94, which reflects an upside potential of 16.76% over the current price.

AG Stock Chart

First Majestic Silver (NYSE:AG) Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

First Majestic Silver (NYSE:AG) traded up 3.42% on 26 January, hitting $6.8. A total of 1.48M shares of the company’s stock traded hands. This is down from average of 2.40M shares. First Majestic Silver has a 52 week low of $5.92 and a 52 week high of $10.92. The company has a market cap of $1.09B and a P/E ratio of 226.5.

Get the latest First Majestic Silver (NYSE:AG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post First Majestic Silver (NYSE:AG) Rating was Lowered by Analysts at National Bank Financial to a Sector Perform Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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First Majestic Silver (NYSE:AG) Rating was Lowered by Analysts at National Bank Financial to a Sector Perform Rating

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