First Majestic Silver Corp Given New C$13.00 Price Target at TD Securities (AG)

TD Securities cut their price objective on shares of First Majestic Silver Corp from C$15.50 to C$13.00 in a research note issued on Thursday.

AG has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of First Majestic Silver Corp from $9.92 to $10.92 in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. First Majestic Silver Corp currently has an average rating of “Buy” and an average price target of $19.58.

Shares of First Majestic Silver Corp traded down 2.59% on Thursday, hitting $9.04. The stock had a trading volume of 534,621 shares. First Majestic Silver Corp has a 52 week low of $8.81 and a 52 week high of $16.46. The stock has a 50-day moving average of $9.61 and a 200-day moving average of $10.31. The company’s market cap is $1.061 billion.

First Majestic Silver Corp. is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico.First Majestic Silver Corp last announced its earnings results on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.06. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $71.27 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 16.9% on a year-over-year basis. On average, analysts predict that First Majestic Silver Corp will post $0.40 earnings per share for the current fiscal year.