First Majestic Silver (FR) PT Lowered to C$9.50
First Majestic Silver (TSE:FR) (NYSE:AG) had its price objective reduced by National Bank Financial from C$11.50 to C$9.50 in a research note published on Tuesday morning. National Bank Financial currently has a sector perform rating on the mining company’s stock.
Other equities research analysts have also issued research reports about the company. Roth Capital reissued a buy rating on shares of First Majestic Silver in a research report on Wednesday, April 25th. Cormark cut their target price on First Majestic Silver from C$14.00 to C$13.00 and set a c$9.03 rating on the stock in a research report on Wednesday, July 18th. BMO Capital Markets cut their target price on First Majestic Silver from C$9.25 to C$8.75 and set a market perform rating on the stock in a research report on Tuesday. Finally, TD Securities raised First Majestic Silver from a hold rating to a buy rating and raised their target price for the stock from C$11.00 to C$14.00 in a research report on Tuesday, May 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$10.94.
Shares of FR opened at C$7.34 on Tuesday. First Majestic Silver has a 1 year low of C$6.24 and a 1 year high of C$11.09.
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 Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.
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