Stock Worth Watching: Could First Majestic Silver Corp See a Reversal After This Very Strong Session?

Stock Worth Watching: Could First Majestic Silver Corp See a Reversal After This Very Strong Session?

The stock of First Majestic Silver Corp (NYSE:AG) is a huge mover today! About 2.11M shares traded hands. First Majestic Silver Corp (NYSE:AG) has risen 30.95% since April 5, 2016 and is uptrending. It has outperformed by 28.99% the S&P500.
The move comes after 8 months positive chart setup for the $1.32 billion company. It was reported on Nov, 8 by Barchart.com. We have $10.61 PT which if reached, will make NYSE:AG worth $448.80M more.

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 $11.67 million for 28.29 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. BMO Capital Markets downgraded First Majestic Silver Corp (NYSE:AG) rating on Monday, March 14. BMO Capital Markets has “Underperform” rating and $5.50 price target. The stock of First Majestic Silver Corp (NYSE:AG) has “Hold” rating given on Wednesday, June 29 by TD Securities. Raymond James downgraded the shares of AG in a report on Wednesday, April 20 to “Underperform” rating. The firm has “Sell” rating by Desjardins Securities given on Thursday, March 31. The company was downgraded on Wednesday, October 7 by Desjardins Securities. TD Securities downgraded First Majestic Silver Corp (NYSE:AG) on Monday, March 7 to “Hold” rating. Rodman & Renshaw maintained the stock with “Buy” rating in Friday, April 15 report. The rating was upgraded by Raymond James on Tuesday, October 25 to “Mkt Perform”.

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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