FY2016 Earnings Forecast for First Majestic Silver Corp. (FR) Issued By National Bank Financial
First Majestic Silver Corp. (TSE:FR) – Investment analysts at National Bank Financial decreased their FY2016 EPS estimates for First Majestic Silver Corp. in a report issued on Wednesday. National Bank Financial analyst G. Doyle now expects that the firm will earn $0.24 per share for the year, down from their prior forecast of $0.25. National Bank Financial also issued estimates for First Majestic Silver Corp.’s FY2017 earnings at $0.43 EPS.
Separately, Raymond James Financial Inc. upped their price objective on First Majestic Silver Corp. from C$11.25 to C$11.50 in a report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$7.42.
Shares of First Majestic Silver Corp. (TSE:FR) opened at 10.33 on Friday. The firm has a 50-day moving average price of $14.42 and a 200-day moving average price of $15.70. First Majestic Silver Corp. has a 1-year low of $3.50 and a 1-year high of $24.96. The firm’s market capitalization is $1.69 billion.
In related news, insider Jill Anne Arias sold 6,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of C$24.20, for a total transaction of C$145,200.00.
About First Majestic Silver Corp.
First Majestic Silver Corp. (First Majestic) is a mining company. The Company is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.
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