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First Majestic Silver (AG) in Focus: Stock Moves 8.3% Higher
First Majestic Silver Corp.(AG - Free Report) 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 - Free Report) , 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
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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