NEW YORK (TheStreet) -- Shares of First Majestic Silver (AG) - Get Report  were higher in mid-afternoon trading on Tuesday, benefiting from the rise in silver prices. 

Silver for September delivery is up 0.90% to $20.69 per ounce on the COMEX this afternoon. 

Prices of precious metals prices have recovered since the start of 2016, particularly after Brexit when investors were eager to invest in safe havens amidst the economic uncertainty, MarketWatch reports. 

Silver is up 19% since the U.K.'s June 23 vote to leave the European Union, and gold is up 7.4%. 

First Majestic is a Vancouver-based mining company engaged in silver production, development, exploration and the acquisition of mineral properties.

Separately, 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.

TheStreet Ratings team rates First Majestic Silver as a Hold with a ratings score of C-. The primary factors that have impacted the team's rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

You can view the full analysis from the report here: AG

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