In a report released today, Ovais Habib from Scotiabank maintained a Hold rating on First Majestic Silver (AG – Research Report), with a price target of $5.50. The company’s shares closed yesterday at $7.11.
Habib covers the Basic Materials sector, focusing on stocks such as OceanaGold, Lundin Gold, and First Majestic Silver. According to TipRanks, Habib has an average return of 1.5% and a 46.28% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for First Majestic Silver with a $6.73 average price target.
AG market cap is currently $2.04B and has a P/E ratio of -42.17.
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First Majestic Silver (AG) Company Description:
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. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.
