BMO Capital Markets Reiterates “Market Perform” Rating for First Majestic Silver Corp. (FR)
First Majestic Silver Corp. (TSE:FR)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a C$14.00 target price on the mining company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 29.03% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. Raymond James Financial Inc. upgraded shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research report on Tuesday, October 25th. Desjardins reduced their price target on shares of First Majestic Silver Corp. to C$14.00 and set a “buy” rating for the company in a research report on Thursday, October 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$11.80.
First Majestic Silver Corp. (TSE:FR) opened at 10.85 on Thursday. The firm has a 50-day moving average of $11.59 and a 200 day moving average of $15.88. First Majestic Silver Corp. has a 12-month low of $3.50 and a 12-month high of $24.96. The company’s market capitalization is $1.78 billion.
First Majestic Silver Corp. Company Profile
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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