First Majestic Silver (AG) in Focus: Stock Moves 8.3% Higher

First Majestic Silver Corp.AG was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $6.74 –$7.81 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after First Majestic Silver announced the company’s fourth quarter and full year 2017 production results, along with production and cost guidance for 2018.

The company has seen a flat track record when it comes to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

First Majestic Silver Corp. Price

First Majestic Silver Corp. Price | First Majestic Silver Corp. Quote

 

First Majestic Silver currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Basic Materials sector is Pan American Silver Corp. PAAS, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is AG going up? Or down? Predict to see what others think: Up or Down

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First Majestic Silver Corp. (AG) : Free Stock Analysis Report
 
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