For September delivery, silver was up 0.49% to $19.75 per ounce on the COMEX this afternoon.
The price of the metal is getting a lift from a weaker dollar today after minutes from the Federal Reserve's July meeting. Silver is less expensive to foreign investors when the greenback is lower.
Yesterday's minutes showed that policymakers are divided on whether to raise interest rates soon, Reuters reports.
Precious metals such as silver and gold are non-interest paying and can struggle to compete with assets that bear a yield when rates are increased.
First Majestic is a Vancouver-based mining company that is engaged in silver production, development, exploration and acquisition.
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