Analysts Set First Majestic Silver Corp. (FR) Price Target at $12.85
Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock. Four analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have covered the stock in the last year is C$12.70.
Several research analysts have recently issued reports on the company. Raymond James Financial, Inc. restated a “market perform” rating and issued a C$10.75 price objective on shares of First Majestic Silver Corp. in a research note on Thursday. Scotiabank set a C$9.75 price objective on First Majestic Silver Corp. and gave the stock a “sector perform” rating in a research note on Friday, February 24th. TD Securities restated a “sector perform” rating and issued a C$9.75 price objective on shares of First Majestic Silver Corp. in a research note on Thursday, February 23rd. Finally, Desjardins raised their price objective on First Majestic Silver Corp. from C$14.00 to C$15.00 in a research note on Wednesday, December 21st.
In related news, insider Raymond L. Polman sold 93,750 shares of First Majestic Silver Corp. stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of C$12.50, for a total transaction of C$1,171,875.00. Also, Director Robert A. Mccallum sold 15,000 shares of First Majestic Silver Corp. stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of C$13.00, for a total value of C$195,000.00. Over the last 90 days, insiders sold 173,650 shares of company stock valued at $2,155,457.
First Majestic Silver Corp. (TSE:FR) traded up 1.11% during trading on Monday, hitting $11.82. The stock had a trading volume of 653,680 shares. The stock’s 50-day moving average is $11.06 and its 200-day moving average is $11.51. First Majestic Silver Corp. has a 52-week low of $8.89 and a 52-week high of $24.96. The stock has a market capitalization of $1.95 billion and a PE ratio of 236.40.
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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