Analysts are on the Bearish side about First Majestic Silver Corp. (NYSE:AG) this week.

September 16, 2018 - By Ash Maslow

First Majestic Silver Corp. (NYSE:AG) Logo

First Majestic Silver Corp. (NYSE:AG) Ratings Coverage

Among 3 analysts covering First Majestic Silver (NYSE:AG), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First Majestic Silver had 6 analyst reports since April 2, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, August 27 by BMO Capital Markets. H.C. Wainwright maintained it with “Buy” rating and $10 target in Tuesday, July 17 report. The firm has “Buy” rating by H.C. Wainwright given on Friday, April 20. H.C. Wainwright maintained First Majestic Silver Corp. (NYSE:AG) rating on Monday, April 2. H.C. Wainwright has “Buy” rating and $11.5000 target. The stock of First Majestic Silver Corp. (NYSE:AG) earned “Market Perform” rating by BMO Capital Markets on Monday, May 14. Roth Capital initiated the shares of AG in report on Wednesday, April 25 with “Buy” rating. Below is a list of First Majestic Silver Corp. (NYSE:AG) latest ratings and price target changes.

27/08/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Upgrade
17/07/2018 Broker: H.C. Wainwright Old Rating: Buy New Rating: Buy Old Target: $11.5 New Target: $10 Maintain
14/05/2018 Broker: BMO Capital Markets Old Rating: Underperform New Rating: Market Perform Upgrade
25/04/2018 Broker: Roth Capital Rating: Buy New Target: $9.0000 Initiate
20/04/2018 Broker: H.C. Wainwright Rating: Buy New Target: $11.5000 Maintain
02/04/2018 Broker: H.C. Wainwright Rating: Buy New Target: $11.5000 Maintain

The stock decreased 1.44% or $0.08 during the last trading session, reaching $5.46. About 1.80M shares traded. First Majestic Silver Corp. (NYSE:AG) has declined 22.73% since September 16, 2017 and is downtrending. It has underperformed by 38.35% the S&P500.

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company has market cap of $1.07 billion. The firm owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine, La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, and the La Guitarra Silver Mine. It currently has negative earnings. It also holds interests in the Plomosas Silver Project situated in Sinaloa State; La Luz Silver Project located in San Luis Potosi State; Jalisco group of Properties situated in various mining districts in Jalisco, Mexico; Ermitano Silver Project; and La Joya Silver Project in the city of Durango, Mexico.

Another recent and important First Majestic Silver Corp. (NYSE:AG) news was published by which published an article titled: “Why First Majestic Silver Dropped 15.9% in August” on September 10, 2018.

First Majestic Silver Corp. (NYSE:AG) Ratings Chart

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