First Majestic Silver Corp. (FR) Rating Reiterated by HC Wainwright
First Majestic Silver Corp. (TSE:FR) (NYSE:AG)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research note issued to investors on Wednesday.
Several other analysts have also commented on the stock. BMO Capital Markets reissued a “market perform” rating and set a C$12.00 target price on shares of First Majestic Silver Corp. in a research note on Wednesday, July 12th. TD Securities cut their target price on shares of First Majestic Silver Corp. from C$12.00 to C$11.50 and set a “hold” rating for the company in a research note on Friday, August 4th. Finally, National Bank Financial cut their target price on shares of First Majestic Silver Corp. from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Thursday, August 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$11.67.
Shares of First Majestic Silver Corp. (FR) opened at 8.77 on Wednesday. First Majestic Silver Corp. has a 52-week low of $7.51 and a 52-week high of $14.36. The firm has a market capitalization of $1.45 billion and a P/E ratio of 112.44. The stock’s 50 day moving average is $8.79 and its 200-day moving average is $10.04.
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 bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of C$7.63 per share, with a total value of C$38,150.00. In the last quarter, insiders acquired 9,938 shares of company stock valued at $78,123.
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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