H.C. Wainwright Reiterates a Buy Rating on First Majestic Silver

By Ryan Adsit

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on First Majestic Silver (NYSE: AG) today and set a price target of $11.50. The company’s shares closed yesterday at $6.06.

According to TipRanks.com, Ihle is a 1-star analyst with an average return of 0.0% and a 30.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Americas Silver Corporation.

First Majestic Silver has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.

The company has a one-year high of $9.59 and a one-year low of $4.93. Currently, First Majestic Silver has an average volume of 4.04M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Majestic Silver Corp. engages in the business of the production, development, exploration, and acquisition of mineral properties with a focus on silver. It operates through the following segments: Santa Elena, La Encantada, La Parrilla, San Martin, La Guitarra, Del Toro, Coins & Bullion in Canada, and Metal Marketing in Europe.