First Majestic Silver Corp

Fernando Stephens
July 14, 2017

Raymond James Financial, Inc. upgraded shares of First Majestic Silver Corp. from an underperform rating to a market perform rating in a research report on Wednesday, April 5th.

The Average Volume for 10 days is 4.59 Million for First Majestic Silver (NYSE:AG). Geneva Advisors LLC boosted its stake in shares of First Majestic Silver Corp.by 4.1% in the first quarter. The company was downgraded on Tuesday, July 11 by RBC Capital Markets. For the next year, analysts anticipate that the company will post earnings of $0.76 per share, with EPS estimates ranging from $0.69 to $0.88.

03/21/2017 - Pan American Silver Corp. had its " rating reiterated by analysts at Deutsche Bank.

Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. Parametric Associates Limited Liability Corp reported 0.24% of its portfolio in American International Group Inc (NYSE:AIG). The business had revenue of $198.70 million for the quarter, compared to analysts' expectations of $179.02 million. The company's revenue for the quarter was up 25.5% compared to the same quarter previous year. The business's quarterly revenue was up 25.5% compared to the same quarter past year.

Several other equities research analysts have also commented on AG. BMO Capital Markets cut shares of Pan American Silver Corp. from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $21.00 to $19.00 in a report on Friday, March 31st. Royal Bank Of Canada raised Pan American Silver Corp. from a sector perform rating to an outperform rating and increased their target price for the company from $17.20 to $22.00 in a report on Tuesday, March 21st. Ringler Research initiated Endeavour Silver Corp (TSE:EDR) rating on Thursday, October 29. They may also be used to help the trader figure out reliable support and resistance levels for the stock. (TSE:EDR), 2 have Buy rating, 0 Sell and 3 Hold. TD Securities has "Hold" rating and $6.50 target.

Shares of Pan American Silver Corp.

Company chares are trading at $7.74 which is marginally under $8.43, the 50 day moving average and which is slightly below the 200 day moving average of $8.55. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp.in November 2006. The stock has 5 year expected PEG ratio of 1.4 whereas its trailing twelve month P/E ratio is 65.57.

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Clearly, options traders are pricing in a big move for First Majestic Silver Corp. shares, but what is the fundamental picture for the company? The firm owned 3,539,837 shares of the basic materials company's stock after buying an additional 74,700 shares during the period.

Confluence Investment Management LLC decreased its position in First Majestic Silver Corp. The value of the investment in First Majestic Silver Corp.

In related news, Director Robert A. Mccallum sold 8,000 shares of the firm's stock in a transaction dated Friday, June 30th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Finally, Confluence Investment Management LLC purchased a new position in First Majestic Silver Corp. during the first quarter valued at about $129,000.

Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year.

A widely used tool among technical stock analysts is the moving average. The company owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine, La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, and the La Guitarra Silver Mine. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company's segments include Peru, Mexico, Argentina and Bolivia.

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