In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on First Majestic Silver (AG – Research Report), with a price target of $12.50. The company’s shares closed yesterday at $6.81.
According to TipRanks, Ihle is an analyst with an average return of -15.5% and a 28.86% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Golden Minerals Co, and Endeavour Silver.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Majestic Silver with a $9.00 average price target.
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Based on First Majestic Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $148.19 million and a GAAP net loss of $16.82 million. In comparison, last year the company earned a revenue of $206.06 million and had a GAAP net loss of $3.97 million
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AG in relation to earlier this year.
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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. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.
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