Stock Worth Mentioning: First Majestic Silver Corp Stock Price Declines Today

Stock Worth Mentioning: First Majestic Silver Corp Stock Price Declines Today

The stock of First Majestic Silver Corp (NYSE:AG) is a huge mover today! The stock decreased 8.28% or $0.74 on November 23, hitting $8.2. About 6.17M shares traded hands or 0.65% up from the average. First Majestic Silver Corp (NYSE:AG) has declined 7.87% since April 22, 2016 and is downtrending. It has underperformed by 13.27% the S&P500.
The move comes after 6 months negative chart setup for the $1.47B company. It was reported on Nov, 24 by Barchart.com. We have $7.71 PT which if reached, will make NYSE:AG worth $88.20 million less.

Analysts await First Majestic Silver Corp (NYSE:AG) to report earnings on February, 23. They expect $0.06 earnings per share, up 400.00% or $0.08 from last year’s $-0.02 per share. AG’s profit will be $10.76M for 34.17 P/E if the $0.06 EPS becomes a reality. After $0.07 actual earnings per share reported by First Majestic Silver Corp for the previous quarter, Wall Street now forecasts -14.29% negative 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. $8.75 is the highest target while $5.50 is the lowest. The $7.13 average target is -13.05% below today’s ($8.2) stock price. First Majestic Silver Corp. has been the topic of 8 analyst reports since October 7, 2015 according to StockzIntelligence Inc. On Tuesday, October 25 the stock rating was upgraded by Raymond James to “Mkt Perform”. The rating was maintained by Rodman & Renshaw with “Buy” on Friday, April 15. The stock has “Hold” rating given by TD Securities on Wednesday, June 29. On Monday, March 14 the stock rating was downgraded by BMO Capital Markets to “Underperform”. The firm has “Hold” rating by TD Securities given on Monday, March 7. Raymond James downgraded the shares of AG in a report on Wednesday, April 20 to “Underperform” rating. Desjardins Securities downgraded the shares of AG in a report on Wednesday, October 7 to “Hold” rating. On Thursday, March 31 the stock rating was downgraded by Desjardins Securities to “Sell”.

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.”

Another recent and important First Majestic Silver Corp (NYSE:AG) news was published by Fool.com which published an article titled: “2 Remarkable Numbers First Majestic Silver Corp Investors Don’t Want to Miss” on November 22, 2016.

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