First Majestic Silver Corp. (FR) Forecasted to Post FY2018 Earnings of $0.70 Per Share
First Majestic Silver Corp. (TSE:FR) – Investment analysts at National Bank Financial upped their FY2018 EPS estimates for First Majestic Silver Corp. in a research report issued to clients and investors on Wednesday. National Bank Financial analyst G. Doyle now forecasts that the brokerage will earn $0.70 per share for the year, up from their previous forecast of $0.58. National Bank Financial currently has a “Outperform Market Weight” rating on the stock.
Other equities analysts also recently issued reports about the company. Desjardins lowered their target price on First Majestic Silver Corp. to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. BMO Capital Markets restated a “market perform” rating and issued a C$14.00 price objective on shares of First Majestic Silver Corp. in a research report on Thursday. TD Securities restated a “hold” rating and issued a C$13.00 price objective on shares of First Majestic Silver Corp. in a research report on Thursday. Finally, Raymond James Financial Inc. boosted their price objective on First Majestic Silver Corp. from C$11.25 to C$11.50 in a research report on Friday, September 23rd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$11.80.
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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