First Majestic Silver Corp. (TSE:FR) (NYSE:AG) had its target price decreased by equities research analysts at National Bank Financial from C$12.00 to C$11.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target would indicate a potential upside of 39.42% from the stock’s current price.

Several other research analysts have also recently commented on the company. TD Securities reduced their target price on First Majestic Silver Corp. from C$12.00 to C$11.50 and set a “hold” rating for the company in a research report on Friday. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$12.00 target price on shares of First Majestic Silver Corp. in a research report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a C$10.75 target price on shares of First Majestic Silver Corp. in a research report on Thursday, April 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. First Majestic Silver Corp. has an average rating of “Hold” and a consensus price target of C$11.67.

First Majestic Silver Corp. (TSE FR) traded down 3.93% during mid-day trading on Tuesday, reaching $7.58. 1,041,338 shares of the company traded hands. First Majestic Silver Corp. has a 52-week low of $7.51 and a 52-week high of $24.96. The company has a market capitalization of $1.25 billion and a P/E ratio of 65.91. The stock has a 50 day moving average price of $10.22 and a 200-day moving average price of $11.29.

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In other First Majestic Silver Corp. news, insider Salvador Garcia sold 60,000 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of C$10.00, for a total transaction of C$600,000.00. Also, insider Todd Olson Anthony acquired 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of C$7.63 per share, with a total value of C$38,150.00. Over the last ninety days, insiders sold 168,800 shares of company stock valued at $1,751,290.

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.

Analyst Recommendations for First Majestic Silver Corp. (TSE:FR)

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