National Bank Financial Raises First Majestic Silver (TSE:FR) Price Target to C$14.00

First Majestic Silver (TSE:FR) (NYSE:AG) had its target price raised by National Bank Financial from C$13.50 to C$14.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.

Several other equities research analysts have also recently issued reports on FR. BMO Capital Markets lifted their target price on First Majestic Silver from C$9.25 to C$12.00 in a report on Thursday, August 8th. TD Securities lifted their target price on First Majestic Silver from C$13.00 to C$17.50 and gave the stock a buy rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of C$12.00.

Shares of FR stock opened at C$13.88 on Monday. First Majestic Silver has a 12-month low of C$6.12 and a 12-month high of C$14.70. The company has a current ratio of 3.13, a quick ratio of 2.59 and a debt-to-equity ratio of 25.16. The stock’s 50-day moving average price is C$12.46 and its 200-day moving average price is C$9.53. The stock has a market capitalization of $2.84 billion and a price-to-earnings ratio of -16.14.



In other First Majestic Silver news, Senior Officer Connie Lillico sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$10.15, for a total transaction of C$253,750.00. Following the sale, the insider now directly owns 111,500 shares of the company’s stock, valued at C$1,131,725. Also, Senior Officer Raymond L. Polman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of C$8.75, for a total value of C$131,250.00. Following the sale, the insider now directly owns 132,200 shares in the company, valued at C$1,156,750. Insiders sold 129,699 shares of company stock worth $1,581,348 over the last ninety days.

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.

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Analyst Recommendations for First Majestic Silver (TSE:FR)

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