First Majestic Silver Corp. (TSE:FR) (NYSE:AG)’s share price shot up 0% during trading on Wednesday . The company traded as high as C$8.59 and last traded at C$8.53. 435,970 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 832,259 shares. The stock had previously closed at C$8.53.

Several brokerages have recently issued reports on FR. National Bank Financial cut their price target on First Majestic Silver from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. HC Wainwright reaffirmed a “buy” rating on shares of First Majestic Silver in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$11.58.

In related news, Director Robert A. Mccallum sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of C$8.64, for a total value of C$43,200.00.

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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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