First Majestic Silver (AG) Stock Up on Higher Silver Prices
NEW YORK (TheStreet) -- Shares of First Majestic Silver (AG) - Get Report are up 5.3% to $15.89 this afternoon as silver prices rally this afternoon.
Silver for September delivery is up 1.13% to $19.84 per ounce on the COMEX.
Silver and gold dipped to one-month lows yesterday after U.S. economic data indicated that the government might increase interest rates as soon as September.
Today the commodity metals are gaining on a weaker dollar. Continuing global economic uncertainty and stock market vulnerability are also pushing gold and silver higher, MarketWatch reports.
First Majestic Silver is a Vancouver-based mining company.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, TheStreet Ratings finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: AG
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.