First Majestic Silver Corp. (FR) Stock Rating Reaffirmed by TD Securities
First Majestic Silver Corp. (TSE:FR)‘s stock had its “hold” rating reaffirmed by equities researchers at TD Securities in a research note issued to investors on Thursday. They presently have a C$13.00 price target on the mining company’s stock. TD Securities’ price target would suggest a potential upside of 19.82% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$14.00 price objective on shares of First Majestic Silver Corp. in a research note on Thursday. Raymond James Financial Inc. raised shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Tuesday, October 25th. Finally, Desjardins reduced their price objective on shares of First Majestic Silver Corp. to C$14.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$11.80.
First Majestic Silver Corp. (TSE:FR) opened at 10.85 on Thursday. First Majestic Silver Corp. has a one year low of $3.50 and a one year high of $24.96. The company’s market cap is $1.78 billion. The firm has a 50-day moving average of $11.59 and a 200-day moving average of $15.88.
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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