First Majestic Silver Corp. (FR) Receives Average Rating of “Hold” from Brokerages
Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$11.67.
Several analysts recently commented on FR shares. BMO Capital Markets restated 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. TD Securities lowered their price target on First Majestic Silver Corp. from C$12.00 to C$11.50 and set a “hold” rating on the stock in a research report on Friday, August 4th. Finally, National Bank Financial lowered their price target on First Majestic Silver Corp. from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th.
In related news, insider Salvador Garcia sold 60,000 shares of First Majestic Silver Corp. stock in a transaction on Friday, July 21st. The stock was sold at an average price of C$10.00, for a total value of C$600,000.00. Also, insider Todd Olson Anthony bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of C$7.63 per share, for a total transaction of C$38,150.00.
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Shares of First Majestic Silver Corp. (FR) traded up 0.44% on Wednesday, reaching $9.13. The company had a trading volume of 469,260 shares. The company has a market capitalization of $1.51 billion and a price-to-earnings ratio of 117.05. First Majestic Silver Corp. has a 12 month low of $7.51 and a 12 month high of $14.36. The stock has a 50 day moving average price of $8.65 and a 200-day moving average price of $10.12.
About First Majestic Silver Corp.
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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