First Majestic Silver Corp. (FR) Given “Market Perform” Rating at Raymond James Financial, Inc.
First Majestic Silver Corp. (TSE:FR) (NYSE:AG)‘s stock had its “market perform” rating restated by Raymond James Financial, Inc. in a note issued to investors on Thursday. They currently have a C$10.75 target price on the mining company’s stock. Raymond James Financial, Inc.’s target price would indicate a potential downside of 9.05% from the company’s current price.
Several other research analysts have also issued reports on the stock. Scotiabank set a C$9.75 target price on shares of First Majestic Silver Corp. and gave the company a “sector perform” rating in a research note on Friday, February 24th. TD Securities set a C$14.00 target price on shares of First Majestic Silver Corp. and gave the company a “hold” rating in a research note on Friday, February 24th. Finally, Desjardins raised their target price on shares of First Majestic Silver Corp. from C$14.00 to C$15.00 in a research note on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. First Majestic Silver Corp. currently has an average rating of “Hold” and an average price target of C$12.70.
First Majestic Silver Corp. (TSE:FR) traded up 1.11% on Thursday, hitting $11.82. 653,680 shares of the stock traded hands. The stock has a 50-day moving average of $11.06 and a 200-day moving average of $11.51. The firm has a market cap of $1.95 billion and a price-to-earnings ratio of 236.40. First Majestic Silver Corp. has a 12-month low of $8.89 and a 12-month high of $24.96.
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In other news, insider Raymond L. Polman purchased 31,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were acquired at an average cost of C$12.40 per share, for a total transaction of C$387,500.00. Also, insider Raymond L. Polman sold 93,750 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of C$12.50, for a total transaction of C$1,171,875.00. Insiders sold a total of 173,650 shares of company stock worth $2,155,457 over the last quarter.
About First Majestic Silver Corp.
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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