NEW YORK (TheStreet) -- Shares of First Majestic Silver (AG - Get Report) are soaring 8.55% to $12.19 on heavy trading volume late Tuesday afternoon as silver prices trade in the green.

For July delivery, silver is up 0.53% to $17.25 per ounce on the COMEX this afternoon.

The metal is advancing today as the dollar is lower. Dollar denominated commodities, such as silver and gold, are more expensive to foreign currency holders when the greenback is strong.

First Majestic is a Vancouver-based mining company engaged in silver production, development, exploration, and acquisition of mineral properties.

About 8.83 million of the company's shares were traded so far today vs. its average volume of 5.24 million shares per day.

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