First Majestic Silver Corp. (FR) Given Average Rating of “Hold” by Brokerages
Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$11.67.
A number of brokerages recently weighed in on FR. TD Securities cut their price objective on First Majestic Silver Corp. from C$12.00 to C$11.50 and set a “hold” rating on the stock in a research note on Friday, August 4th. National Bank Financial cut their price objective on First Majestic Silver Corp. from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$12.00 price objective on shares of First Majestic Silver Corp. in a research note on Wednesday, July 12th.
In other First Majestic Silver Corp. news, insider Todd Olson Anthony purchased 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of C$7.63 per share, with a total value of C$38,150.00. Also, Director Robert A. Mccallum sold 8,000 shares of First Majestic Silver Corp. stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of C$10.81, for a total value of C$86,480.00. Over the last ninety days, insiders sold 151,800 shares of company stock worth $1,541,240.
First Majestic Silver Corp. (FR) traded down 1.15% during trading on Friday, reaching $8.58. The company’s stock had a trading volume of 738,612 shares. The firm has a market capitalization of $1.42 billion and a price-to-earnings ratio of 110.00. The stock’s 50-day moving average is $8.64 and its 200 day moving average is $10.35. First Majestic Silver Corp. has a 52-week low of $7.51 and a 52-week high of $17.05.
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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