First Majestic Silver Corp. (FR) Receives Average Rating of “Hold” from Brokerages

Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$9.90.

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

In related news, Director Robert A. Mccallum sold 5,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of C$8.64, for a total value of C$43,200.00. Also, Director David Andrew Shaw sold 10,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of C$8.46, for a total value of C$84,600.00.

First Majestic Silver (FR) traded up C$0.07 during trading on Tuesday, reaching C$7.15. The company’s stock had a trading volume of 660,781 shares, compared to its average volume of 1,040,553. First Majestic Silver has a 1-year low of C$6.24 and a 1-year high of C$13.86. The stock has a market cap of $1,170.00, a price-to-earnings ratio of 237.00 and a beta of -0.25.

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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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