National Bank Financial Comments on First Majestic Silver Corp.’s Q4 2016 Earnings (FR)
First Majestic Silver Corp. (TSE:FR) – Equities research analysts at National Bank Financial issued their Q4 2016 earnings per share (EPS) estimates for First Majestic Silver Corp. in a research note issued to investors on Wednesday. National Bank Financial analyst G. Doyle anticipates that the firm will post earnings of $0.07 per share for the quarter. National Bank Financial has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for First Majestic Silver Corp.’s FY2017 earnings at $0.48 EPS.
A number of other equities research analysts have also recently weighed in on FR. Raymond James Financial Inc. lifted their price target on shares of First Majestic Silver Corp. from C$11.25 to C$11.50 in a research report on Friday, September 23rd. Desjardins dropped their price objective on shares of First Majestic Silver Corp. to C$14.00 and set a “buy” rating for the company in a report on Thursday, October 20th. TD Securities restated a “hold” rating and issued a C$13.00 price objective on shares of First Majestic Silver Corp. in a report on Thursday, November 10th. Finally, 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 report on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$11.80.
Shares of First Majestic Silver Corp. (TSE:FR) opened at 11.32 on Monday. The stock has a 50 day moving average of $11.49 and a 200 day moving average of $15.92. First Majestic Silver Corp. has a 12 month low of $3.50 and a 12 month high of $24.96. The stock’s market cap is $1.86 billion.
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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