First Majestic Silver Corp. (TSE:FR) (NYSE:AG) had its price objective reduced by National Bank Financial from C$12.00 to C$11.00 in a report issued on Thursday, reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s target price points to a potential upside of 32.37% from the company’s current price.

A number of other equities research analysts have also issued reports on FR. TD Securities reduced their target price on shares of First Majestic Silver Corp. from C$12.00 to C$11.50 and set a “hold” rating on the stock in a report on Friday, August 4th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$10.75 target price on shares of First Majestic Silver Corp. in a report on Thursday, April 20th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$12.00 target price on shares of First Majestic Silver Corp. in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$11.67.

Shares of First Majestic Silver Corp. (FR) traded up 0.85% on Thursday, hitting $8.31. 777,684 shares of the company were exchanged. First Majestic Silver Corp. has a 52-week low of $7.51 and a 52-week high of $21.47. The stock has a market capitalization of $1.38 billion and a PE ratio of 106.54. The firm’s 50-day moving average is $9.55 and its 200-day moving average is $11.02.

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In other First Majestic Silver Corp. news, insider Salvador Garcia sold 83,800 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of C$10.20, for a total value of C$854,760.00. Also, insider Todd Olson Anthony acquired 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of C$7.63 per share, for a total transaction of C$38,150.00. Over the last quarter, insiders have sold 151,800 shares of company stock worth $1,541,240.

First Majestic Silver Corp. Company Profile

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 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.

Stock Target Prices

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

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