NEW YORK ( TheStreet) -- First Majestic Silver (NYSE: AG) hit a new 52-week low Tuesday as it is currently trading at $13.34, below its previous 52-week low of $13.35 with 657,793 shares traded as of 1:05 p.m. ET. Average volume has been 726,800 shares over the past 30 days.

First Majestic has a market cap of $1.56 billion and is part of the basic materials sector and metals & mining industry. Shares are down 16.7% year to date as of the close of trading on Monday.

First Majestic Silver Corp. engages in the acquisition, development, and exploration of mineral properties with a focus on silver projects in Mexico. The company has a P/E ratio of 15.2, below the average metals & mining industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Majestic as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full First Majestic Ratings Report.

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