B.Riley FBR analyst Adam Graf maintained a Hold rating on First Majestic Silver (AG) today and set a price target of $7.40. The company’s shares closed last Monday at $9.66.
According to TipRanks.com, Graf is a 2-star analyst with an average return of 0.0% and a 37.9% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures, Hecla Mining Company, and Pan American Silver.
First Majestic Silver has an analyst consensus of Moderate Buy, with a price target consensus of $9.87, implying a 2.8% upside from current levels. In a report issued on February 20, BMO Capital also maintained a Hold rating on the stock with a C$10.50 price target.
See today’s analyst top recommended stocks >>
Based on First Majestic Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $39.95 million. In comparison, last year the company had a GAAP net loss of $164 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including 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.
