NEW YORK (TheStreet) -- Shares of First Majestic Silver (AG) - Get Report  were gaining mid-Tuesday afternoon as silver prices advanced.

Silver for September delivery was up 0.23% to $19.85 per ounce on the COMEX.

Silver, like gold, recovered this afternoon from a multiday drop after the Labor Department's stronger-than-expected July jobs report on Friday.

"There has been record buying of gold ETFs since Friday and this is a sign of a healthy market," Director of Investment Strategy for ETF Securities Maxwell Gold told MarketWatch.

Silver was also advancing today on a weaker dollar.

First Majestic Silver is a Vancouver, BC mining company.

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 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, as a counter to these strengths, we also find 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

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