According to The Fly, in a report issued on October 18, Daniel Earle from TD Securities reiterated a Buy rating on First Majestic Silver (NYSE: AG). The company’s shares closed on Friday at $6.25.
According to TipRanks.com, Earle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.6% and a 28.3% success rate. Earle covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources Inc, Detour Gold Corporation, and Guyana Goldfields Inc.
Currently, the analyst consensus on First Majestic Silver is a Strong Buy with an average price target of $8.50, a 36.0% upside from current levels. In a report issued on October 16, H.C. Wainwright also reiterated a Buy rating on the stock with a $9 price target.
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The company has a one-year high of $8.48 and a one-year low of $4.93. Currently, First Majestic Silver has an average volume of 2.73M.
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First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México such as La Encantada Silver Mine; La Parrilla Silver Mine; San Martin Silver Mine; Del Toro Silver Mine; Santa Elena Silver/Gold Mine; and San Dimas Silver/Gold Mine.
