AG.L (LON:AG) Receives Average Rating of “Hold” from Brokerages

Shares of AG.L (LON:AG – Get Rating) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 588.40 ($7.25).

AG has been the subject of a number of research reports. Barclays boosted their price objective on AG.L from GBX 500 ($6.16) to GBX 517 ($6.37) and gave the company an “underweight” rating in a research note on Wednesday, February 2nd. Shore Capital reissued a “house stock” rating on shares of AG.L in a report on Tuesday, March 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 660 ($8.14) target price on shares of AG.L in a report on Thursday, May 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 595 ($7.34) target price on shares of AG.L in a report on Tuesday, April 12th.

About AG.L (Get Rating)

First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.

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