First Majestic Silver (TSE:FR) Given New C$13.50 Price Target at National Bank Financial
First Majestic Silver (TSE:FR) (NYSE:AG) had its price objective upped by analysts at National Bank Financial from C$11.00 to C$13.50 in a note issued to investors on Tuesday, BayStreet.CA reports. National Bank Financial’s price objective would suggest a potential upside of 2.51% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Cormark boosted their price objective on shares of OrganiGram from C$8.50 to C$10.50 and gave the company a “speculative buy” rating in a research report on Wednesday, April 17th. BMO Capital Markets restated a “hold” rating on shares of First Majestic Silver in a research note on Tuesday, April 2nd.
TSE:FR traded down C$0.10 during mid-day trading on Tuesday, hitting C$13.17. The stock had a trading volume of 1,002,008 shares, compared to its average volume of 660,066. The stock has a market capitalization of $2.65 billion and a PE ratio of -12.79. The stock’s 50 day moving average is C$10.03. First Majestic Silver has a 52 week low of C$6.12 and a 52 week high of C$13.62. The company has a debt-to-equity ratio of 25.16, a current ratio of 3.25 and a quick ratio of 2.70.
In related news, Senior Officer Connie Lillico sold 4,999 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$11.25, for a total transaction of C$56,238.75. Following the completion of the sale, the insider now directly owns 111,500 shares of the company’s stock, valued at approximately C$1,254,375. Also, Senior Officer Raymond L. Polman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of C$12.94, for a total transaction of C$129,400.00. Following the transaction, the insider now directly owns 137,200 shares of the company’s stock, valued at C$1,775,368. Over the last 90 days, insiders have sold 71,199 shares of company stock worth $744,473.
About First Majestic Silver
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.
Featured Story: What is the Current Ratio?
Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.