Shares of First Majestic Silver Corp have received an average recommendation of “Buy” from the ten analysts that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $19.58.

First Majestic Silver Corp opened at 9.11 on Friday. First Majestic Silver Corp has a 1-year low of $8.81 and a 1-year high of $16.46. The 50-day moving average is $9.56 and its 200-day moving average is $10.28. The company’s market cap is $1.069 billion.

First Majestic Silver Corp (NYSE:AG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.06. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $71.27 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. On average analysts predict that First Majestic Silver Corp will post $0.40 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at TD Securities cut their price target on shares of First Majestic Silver Corp from C$15.50 to C$13.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of First Majestic Silver Corp from $9.92 to $10.92 in a research note on Friday, March 21st. Finally, analysts at Cowen and Company raised their price target on shares of First Majestic Silver Corp from $9.41 to $11.08 in a research note on Thursday, February 27th. They now have a “market perform” rating on the stock.

First Majestic Silver Corp. is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico.