First Majestic Silver Corp. (FR) Director Sells C$125,000.00 in Stock
First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Director Robert A. Mccallum sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of C$12.50, for a total value of C$125,000.00.
Shares of First Majestic Silver Corp. (TSE:FR) traded up 2.96% on Wednesday, hitting $12.52. 1,175,925 shares of the company were exchanged. The stock has a market capitalization of $2.07 billion and a PE ratio of 250.40. The firm’s 50-day moving average is $11.32 and its 200-day moving average is $11.54. First Majestic Silver Corp. has a 52-week low of $8.89 and a 52-week high of $24.96.
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FR has been the subject of a number of analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$9.75 price target on shares of First Majestic Silver Corp. in a report on Wednesday, January 18th. TD Securities reaffirmed a “sector perform” rating and issued a C$9.75 price target on shares of First Majestic Silver Corp. in a report on Thursday, February 23rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a C$10.75 price target on shares of First Majestic Silver Corp. in a report on Thursday, April 20th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$12.70.
First Majestic Silver Corp. Company Profile
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.
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