Silver for September delivery is down 0.37% to $20.09 per ounce on the COMEX. Despite the drop today, silver has surged 46% so far this year and hit a two-year high of $21.22 earlier this month.
Gold for August delivery is also down, dropping 41% to $1,326.50 per ounce on the COMEX.
The failed coup attempt in Turkey on Friday pushed some investors to take caution, MarketWatch reports.
First Majestic Silver is a Canadian mining company.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.
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. However, TheStreet Ratings also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: AG
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.