NEW YORK (TheStreet) -- Shares of First Majestic Silver (AG) - Get Report were advancing in late-afternoon trading on Thursday despite declining silver prices.

For December delivery, silver was retreating 0.28% to $18.64 per ounce on the COMEX this afternoon.

Silver prices slumped for a fourth consecutive session today ahead of a speech by Federal Reserve Chair Janet Yellen this week in Jackson Hole, WY, Reuters reports.

Market participants will be closely monitoring the speech for indications about future interest rate hikes.

Metals such as silver and gold are non-interest paying and have difficulty competing with assets that offer a yield when interest rates are raised.

"Now what we're seeing is a bit of a wait-and-see mode, where markets are just monitoring the situation and waiting for further comments that might move the market," Capital Economics analyst Simona Gambarini told Reuters.

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

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