For December delivery, silver was advancing 0.59% to $19.11 per ounce on the COMEX this morning.
The price of the metal is rising today as investors await more signals from the Federal Reserve on future interest rate hikes, Reuters reports.
Metals such as silver and gold are non-interest paying and have difficulty competing with assets that bear a yield when interest rates are increased.
Fed Chairwoman Janet Yellen could give more insight into interest rate hikes at a speech in Jackson Hole, WY later this week.
Additionally, silver prices are being supported by a weaker dollar today. The metal is less expensive to foreign currency holders when the greenback is lower.
First Majestic is a Vancouver-based silver mining company engaged in the production, development, exploration and acquisition of mineral properties.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed. 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.
But the team also finds weaknesses including disappointing return on equity and weak operating cash flow.
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.
You can view the full analysis from the report here: AG