The price of silver is climbing 0.25% to $17.18 per ounce while gold is up 0.22% to $1,275.50 per ounce.
Throughout the day, the price of gold soared while silver remained on a steady incline due to a slowing economic growth in China and a weakness in Asian stock markets, decreasing the appeal of the precious metals, Reuters reports.
So far this year, the price of gold increased around 20% after weak national and global economic data eased investors' worries of a near-term U.S. interest rate hike, according to Reuters.
Vancouver-based First Majestic Silver is a mining company focused in silver production, development, exploration and acquisition of mineral properties, primarily in Mexico.
Separately, TheStreet Ratings rated First Majestic Silver as a "sell" with a score of D+.
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 has this to say about the recommendation:
This is driven by a few notable weaknesses, which TheStreet Ratings believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks are covered.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: AG