In a report issued on August 14, Jake Sekelsky from Roth Capital reiterated a Buy rating on First Majestic Silver (NYSE: AG), with a price target of $9. The company’s shares opened today at $5.22, close to its 52-week low of $4.93.
According to TipRanks.com, Sekelsky is ranked #4637 out of 4850 analysts.
Currently, the analyst consensus on First Majestic Silver is a Moderate Buy with an average price target of $9.38, implying a 79.7% upside from current levels. In a report issued on August 14, H.C. Wainwright also reiterated a Buy rating on the stock with a $9 price target.
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Based on First Majestic Silver’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $40.03 million. In comparison, last year the company had a net profit of $1.41 million.
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First Majestic Silver Corp. engages in the business of the production, development, exploration, and acquisition of mineral properties. It focuses in the silver assets of Santa Elena Silver of Gold Mine, La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, and the La Guitarra Silver Mine.
