TD Securities Reaffirms “Hold” Rating for First Majestic Silver Corp. (FR)
First Majestic Silver Corp. (TSE:FR) (NYSE:AG)‘s stock had its “hold” rating reissued by investment analysts at TD Securities in a report issued on Friday. They currently have a C$14.00 target price on the mining company’s stock. TD Securities’ price objective indicates a potential upside of 18.34% from the stock’s current price.
A number of other equities research analysts have also commented on FR. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$10.75 price target on shares of First Majestic Silver Corp. in a research report on Thursday. Scotiabank reissued a “hold” rating and issued a C$14.00 price objective on shares of First Majestic Silver Corp. in a research note on Thursday, February 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. First Majestic Silver Corp. has a consensus rating of “Hold” and a consensus price target of C$12.70.
Shares of First Majestic Silver Corp. (TSE:FR) traded up 0.08% during mid-day trading on Friday, reaching $11.83. The company’s stock had a trading volume of 813,445 shares. The firm has a 50 day moving average price of $11.05 and a 200 day moving average price of $11.51. First Majestic Silver Corp. has a 52-week low of $8.89 and a 52-week high of $24.96. The firm has a market cap of $1.95 billion and a price-to-earnings ratio of 236.60.
In other First Majestic Silver Corp. news, Director Robert A. Mccallum sold 10,000 shares of the business’s stock in a transaction on Friday, April 7th. The shares were sold at an average price of C$12.00, for a total transaction of C$120,000.00. Also, insider Raymond L. Polman sold 93,750 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of C$12.50, for a total transaction of C$1,171,875.00. Insiders sold 173,650 shares of company stock worth $2,155,457 over the last three months.
First Majestic Silver Corp. Company Profile
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.
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