First Majestic Silver Corp. (FR) Given Average Rating of “Hold” by Brokerages
First Majestic Silver Corp. (TSE:FR) (NYSE:AG) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$11.58.
A number of brokerages recently weighed in on FR. HC Wainwright reissued a “buy” rating on shares of First Majestic Silver in a report on Wednesday, October 18th. National Bank Financial lowered their price target on shares of First Majestic Silver from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Tuesday, August 8th. Finally, TD Securities reduced their price objective on shares of First Majestic Silver from C$12.00 to C$11.50 and set a “hold” rating on the stock in a research note on Friday, August 4th.
Shares of First Majestic Silver (TSE FR) traded down C$0.07 during trading on Thursday, hitting C$8.46. 582,943 shares of the company were exchanged, compared to its average volume of 843,198. First Majestic Silver has a fifty-two week low of C$7.51 and a fifty-two week high of C$14.36.
About First Majestic Silver
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.
Receive News & Ratings for First Majestic Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver Corp. and related companies with MarketBeat.com's FREE daily email newsletter.