First Majestic Silver Corp. (AG) Reaches $7.26 After 6.00% Up Move; Redfin (RDFN) Sellers Increased By 17.79% Their Shorts

January 16, 2018 - By Marguerite Chambers

The stock of First Majestic Silver Corp. (NYSE:AG) is a huge mover today! The stock increased 6.85% or $0.465 during the last trading session, reaching $7.255. About 4.96 million shares traded or 87.55% up from the average. First Majestic Silver Corp. (NYSE:AG) has declined 22.30% since January 16, 2017 and is downtrending. It has underperformed by 39.00% the S&P500.The move comes after 9 months positive chart setup for the $1.18B company. It was reported on Jan, 16 by Barchart.com. We have $7.69 PT which if reached, will make NYSE:AG worth $70.98M more.

Redfin Corporation (NASDAQ:RDFN) had an increase of 17.79% in short interest. RDFN’s SI was 4.59 million shares in January as released by FINRA. Its up 17.79% from 3.90M shares previously. With 598,600 avg volume, 8 days are for Redfin Corporation (NASDAQ:RDFN)’s short sellers to cover RDFN’s short positions. The stock increased 0.60% or $0.16 during the last trading session, reaching $26.75. About 64,492 shares traded. Redfin Corporation (NASDAQ:RDFN) has 0.00% since January 16, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 8 analysts covering First Majestic Silver Corp. (NYSE:AG), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. First Majestic Silver Corp. had 19 analyst reports since October 7, 2015 according to SRatingsIntel. BMO Capital Markets downgraded the shares of AG in report on Friday, December 22 to “Underperform” rating. On Wednesday, February 15 the stock rating was downgraded by Raymond James to “Underperform”. H.C. Wainwright maintained the stock with “Buy” rating in Friday, December 22 report. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, November 17. As per Friday, April 21, the company rating was maintained by Scotia Capital. The rating was upgraded by SP Global on Friday, April 7 to “Market Perform”. The firm has “Buy” rating by H.C. Wainwright given on Wednesday, October 18. The rating was downgraded by TD Securities on Wednesday, June 29 to “Hold”. The rating was maintained by H.C. Wainwright with “Buy” on Friday, August 4. The firm has “Buy” rating by H.C. Wainwright given on Wednesday, January 10.

Analysts await First Majestic Silver Corp. (NYSE:AG) to report earnings on February, 28. They expect $0.01 earnings per share, up 200.00% or $0.02 from last year’s $-0.01 per share. AG’s profit will be $1.63M for 181.38 P/E if the $0.01 EPS becomes a reality.

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company has market cap of $1.18 billion. The firm owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine, La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, and the La Guitarra Silver Mine. It has a 259.11 P/E ratio. It also holds interests in the Plomosas Silver Project situated in Sinaloa State; La Luz Silver Project located in San Luis Potosi State; Jalisco group of Properties situated in various mining districts in Jalisco, Mexico; Ermitano Silver Project; and La Joya Silver Project in the city of Durango, Mexico.

Among 6 analysts covering Redfin (NASDAQ:RDFN), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Redfin had 8 analyst reports since August 22, 2017 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Friday, November 10. The stock has “Outperform” rating by Oppenheimer on Friday, November 10.

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