First Majestic Silver Corp.’s (TSE:FR) “Market Perform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reiterated their market perform rating on shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) in a report published on Wednesday morning. BMO Capital Markets currently has a C$12.00 price objective on the mining company’s stock.

Several other brokerages have also recently issued reports on FR. TD Securities reaffirmed a hold rating and set a C$14.00 price objective on shares of First Majestic Silver Corp. in a report on Friday, April 21st. Raymond James Financial, Inc. reaffirmed a market perform rating and set a C$10.75 price objective on shares of First Majestic Silver Corp. in a report on Thursday, April 20th. Finally, National Bank Financial reaffirmed an outperform market weight rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$12.30.

First Majestic Silver Corp. (TSE:FR) opened at 10.06 on Wednesday. The firm’s 50-day moving average is $11.28 and its 200-day moving average is $11.42. The company has a market capitalization of $1.66 billion and a PE ratio of 87.48. First Majestic Silver Corp. has a 12 month low of $8.89 and a 12 month high of $24.96.

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In other First Majestic Silver Corp. news, insider Todd Olson Anthony acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average price of C$10.18 per share, with a total value of C$50,900.00. Also, Director Robert A. Mccallum sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of C$12.50, for a total value of C$125,000.00. In the last three months, insiders have sold 25,000 shares of company stock worth $296,530.

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.

Analyst Recommendations for First Majestic Silver Corp. (TSE:FR)

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