First Majestic Silver Corp. (FR) Given Average Recommendation of “Hold” by Brokerages

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$10.00.

Several analysts recently commented on FR shares. National Bank Financial decreased their price target on First Majestic Silver from C$11.00 to C$10.50 and set an “outperform” rating on the stock in a research note on Monday, November 6th. BMO Capital Markets lowered First Majestic Silver from a “market perform” rating to an “underperform” rating and decreased their price target for the company from C$9.00 to C$7.50 in a research note on Friday, December 22nd. Finally, HC Wainwright reaffirmed a “buy” rating on shares of First Majestic Silver in a research note on Wednesday, October 18th.

Shares of First Majestic Silver (TSE FR) traded down C$0.01 during mid-day trading on Friday, reaching C$8.58. The company had a trading volume of 652,526 shares, compared to its average volume of 859,238. The firm has a market cap of $1,420.00, a price-to-earnings ratio of 286.00 and a beta of -0.21. First Majestic Silver has a twelve month low of C$7.51 and a twelve month high of C$14.36.

In other First Majestic Silver news, Director David Andrew Shaw sold 10,000 shares of First Majestic Silver stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$8.46, for a total value of C$84,600.00. Also, Director Robert A. Mccallum sold 5,000 shares of First Majestic Silver 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.

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First Majestic Silver 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.

Analyst Recommendations for First Majestic Silver (TSE:FR)

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