First Majestic Silver Corp. (AG) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 25% since Jun 4.
The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
First Majestic Silver currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the basic materials sector include Agnico Eagle Mines Limited (AEM), Compass Minerals International Inc. (CMP) and Hi-Crush Partners LP (HCLP). All of these sport a Zacks Rank #1 (Strong Buy).
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