First Majestic Silver Corp. (FR) Receives C$9.94 Average Target Price from Brokerages

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$9.94.

Several research firms have recently commented on FR. National Bank Financial lowered shares of First Majestic Silver from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$10.50 to C$10.00 in a research report on Friday, January 26th. BMO Capital Markets lowered shares of First Majestic Silver from a “market perform” rating to an “underperform” rating and reduced their price target for the company from C$9.00 to C$7.50 in a research report on Friday, December 22nd.

First Majestic Silver (FR) remained flat at $C$7.69 during midday trading on Friday. 87,713 shares of the stock traded hands, compared to its average volume of 906,381. First Majestic Silver has a twelve month low of C$6.24 and a twelve month high of C$12.72. The stock has a market cap of $1,270.00, a PE ratio of -18.76 and a beta of -0.13.

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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.

Analyst Recommendations for First Majestic Silver (TSE:FR)

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