First Majestic Silver Corp. (AG - Free Report) was a big mover last session, as its shares rose almost 8% on the day. The upside was driven by the recent hike in silver prices. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up almost 42% in the past one-month time frame.
Over the last 30 days, the company witnessed three positive and one negative estimate revision. Meanwhile, the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
First Majestic Silver currently has a Zacks Rank #2 (Buy).
Another favorably ranked stock in the silver mining industry is Hecla Mining Co. (HL - Free Report) which sports a Zacks Rank #1 (Strong Buy).
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