H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on First Majestic Silver (AG) today and set a price target of $12.00. The company’s shares closed last Monday at $9.32.
According to TipRanks.com, Ihle is a 2-star analyst with an average return of 0.4% and a 43.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Golden Star Resources.
Currently, the analyst consensus on First Majestic Silver is a Moderate Buy with an average price target of $9.90.
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The company has a one-year high of $12.69 and a one-year low of $5.48. Currently, First Majestic Silver has an average volume of 4.07M.
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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 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.
