First Majestic Silver (AG) in Focus: Stock Up 6.4% in Session
First Majestic Silver Corp. AG was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 30.5% since Jan 19, 2016.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this silver stock going forward to see if this recent jump can turn into more strength down the road.
First Majestic Silver currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the same industry is Fortuna Silver Mines Inc. FSM, carrying a Zacks Rank #2 (Buy).
Is AG going up? Or down? Predict to see what others think: Up or Down
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FORTUNA SILVER (FSM): Free Stock Analysis Report
FIRST MAJESTIC (AG): Free Stock Analysis Report
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