First Majestic Silver Corp. (FR) Given Average Recommendation of “Hold” by Analysts
Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$10.00.
FR has been the subject of a number of research reports. BMO Capital Markets downgraded First Majestic Silver from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from C$9.00 to C$7.50 in a report on Friday. National Bank Financial decreased their price objective on First Majestic Silver from C$11.00 to C$10.50 and set an “outperform” rating for the company in a report on Monday, November 6th. Finally, HC Wainwright reiterated a “buy” rating on shares of First Majestic Silver in a report on Wednesday, October 18th.
In other news, Director David Andrew Shaw sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$8.46, for a total transaction of C$84,600.00. Also, Director Robert A. Mccallum sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of C$8.64, for a total value of C$43,200.00.
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.
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