TD Securities Trims First Majestic Silver Corp. (TSE:FR) Target Price to C$11.50
First Majestic Silver Corp. (TSE:FR) (NYSE:AG) had its target price trimmed by TD Securities from C$12.00 to C$11.50 in a research note released on Friday. The brokerage currently has a hold rating on the mining company’s stock.
Several other research firms also recently issued reports on FR. Raymond James Financial, Inc. restated a market perform rating and set a C$10.75 price objective on shares of First Majestic Silver Corp. in a report on Thursday, April 20th. National Bank Financial restated an outperform market weight rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Finally, BMO Capital Markets restated a market perform rating and set a C$12.00 price objective on shares of First Majestic Silver Corp. in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of C$11.80.
First Majestic Silver Corp. (TSE FR) opened at 7.89 on Friday. First Majestic Silver Corp. has a one year low of $7.84 and a one year high of $24.96. The firm has a market capitalization of $1.30 billion and a P/E ratio of 68.61. The company has a 50-day moving average price of $10.22 and a 200-day moving average price of $11.29.
In other news, insider Todd Olson Anthony bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was bought 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 First Majestic Silver Corp. stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of C$10.00, for a total value of C$600,000.00. In the last quarter, insiders sold 168,800 shares of company stock valued at $1,751,290.
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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