For July delivery, silver is rallying 1.17% to $17.36 per ounce on the COMEX this morning.
The metal is rising today as the dollar is down. Commodities priced in dollars, such as silver and gold, are more expensive to foreign investors when the greenback is strong.
Earlier today, silver struggled to gain as the dollar steadied and the oil rally waned, MarketWatch noted.
First Majestic is a Vancouver-based mining company engaged in silver production, development, exploration, and acquisition of mineral properties.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
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.
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 article's author.
You can view the full analysis from the report here: AG