First Majestic Silver Corp. (TSE:FR) (NYSE:AG)‘s stock had its “market perform” rating reiterated by research analysts at BMO Capital Markets in a note issued to investors on Wednesday, July 12th. They currently have a C$12.00 target price on the mining company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 52.09% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. TD Securities restated a “hold” rating and set a C$14.00 target price on shares of First Majestic Silver Corp. in a research report on Friday, April 21st. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$10.75 price objective on shares of First Majestic Silver Corp. in a research report on Thursday, April 20th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of First Majestic Silver Corp. in a research report on Friday, May 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$11.80.
Shares of First Majestic Silver Corp. (FR) opened at 7.89 on Wednesday. First Majestic Silver Corp. has a 12-month low of $7.84 and a 12-month high of $24.96. The company has a market capitalization of $1.30 billion and a P/E ratio of 68.61. The stock’s 50 day moving average is $10.22 and its 200-day moving average is $11.29.
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In other First Majestic Silver Corp. news, insider Todd Olson Anthony acquired 5,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of C$10.18 per share, for a total transaction of C$50,900.00. Also, insider Salvador Garcia sold 60,000 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of C$10.00, for a total transaction of C$600,000.00. Insiders have sold 168,800 shares of company stock valued at $1,751,290 in 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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