Shares of First Majestic Silver (AG) were increasing late Tuesday morning as silver prices gained.
For December delivery, silver was advancing 0.59% to $19.11 per ounce on the COMEX this morning.
Metals such as silver and gold are non-interest paying and have difficulty competing with assets that bear a yield when interest rates are increased.
First Majestic is a Vancouver-based silver mining company engaged in the production, development, exploration and acquisition of mineral properties.
Separately, TheStreet Ratings Team has a “Hold” rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed. 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.
Click here for reuse options!