Noteworthy Price Action: Is Selling Stock Like First Majestic Silver Corp After Such Decline Winning Strategy?

Noteworthy Price Action: Is Selling Stock Like First Majestic Silver Corp After Such Decline Winning Strategy?

The stock of First Majestic Silver Corp (NYSE:AG) is a huge mover today! About 7.04 million shares traded hands or 22.86% up from the average. First Majestic Silver Corp (NYSE:AG) has risen 38.54% since April 4, 2016 and is uptrending. It has outperformed by 37.44% the S&P500.
The move comes after 7 months negative chart setup for the $1.43 billion company. It was reported on Nov, 4 by Barchart.com. We have $7.68 PT which if reached, will make NYSE:AG worth $114.40 million less.

Analysts await First Majestic Silver Corp (NYSE:AG) to report earnings on November, 21. They expect $0.07 EPS, up 216.67% or $0.13 from last year’s $-0.06 per share. AG’s profit will be $11.99 million for 29.82 P/E if the $0.07 EPS becomes a reality. After $0.04 actual EPS reported by First Majestic Silver Corp for the previous quarter, Wall Street now forecasts 75.00% EPS growth.

First Majestic Silver Corp (NYSE:AG) Ratings Coverage

Out of 5 analysts covering First Majestic Silver Corp. (NYSE:AG), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. First Majestic Silver Corp. has been the topic of 8 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by TD Securities on Wednesday, June 29. The rating was downgraded by BMO Capital Markets to “Underperform” on Monday, March 14. The firm earned “Sell” rating on Thursday, March 31 by Desjardins Securities. The firm earned “Mkt Perform” rating on Tuesday, October 25 by Raymond James. The stock has “Hold” rating given by TD Securities on Monday, March 7. On Wednesday, April 20 the stock rating was downgraded by Raymond James to “Underperform”. The rating was maintained by Rodman & Renshaw on Friday, April 15 with “Buy”. The firm has “Hold” rating given on Wednesday, October 7 by Desjardins Securities.

According to Zacks Investment Research, “First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada.”

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