First Majestic Silver Corp. (FR) PT Lowered to C$11.00 at National Bank Financial
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, StockTargetPrices.com 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.
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.
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