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.
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.
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