H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on First Majestic Silver (NYSE:AG) on Wednesday, setting a price target of $16, which is approximately 51.95% above the present share price of $10.53.
Ihle expects First Majestic Silver to post earnings per share (EPS) of -$0.05 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in First Majestic Silver, with an average price target of $14.53.
The analysts price targets range from a high of $16 to a low of $11.41.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $34.86 million and a net profit of -$21.7 million. The company's market cap is $2.32 billion.
According to TipRanks.com, H.C. Wainwright analyst Heiko Ihle is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.4% and a 59.38% success rate.
First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including La Encantada Silver Mine; La Parrilla Silver Mine; San Martin Silver Mine; Del Toro Silver Mine; Santa Elena Silver & Gold Mine; and San Dimas Silver & Gold Mine. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.