First Majestic Silver Corp. (FR) Shares Down 4.1%

Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) fell 4.1% during trading on Thursday . The stock traded as low as C$8.48 and last traded at C$8.48. 387,770 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 668,006 shares. The stock had previously closed at C$8.84.

Several equities analysts recently weighed in on the company. TD Securities lowered their target price on First Majestic Silver Corp. from C$12.00 to C$11.50 and set a “hold” rating on the stock in a research report on Friday, August 4th. National Bank Financial lowered their target price on First Majestic Silver Corp. from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. BMO Capital Markets reiterated a “market perform” rating and set a C$12.00 target price on shares of First Majestic Silver Corp. in a research report on Wednesday, July 12th. Finally, HC Wainwright reiterated a “buy” rating on shares of First Majestic Silver Corp. in a research report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$11.67.

The firm’s 50-day moving average is $8.78 and its 200-day moving average is $9.95. The company has a market cap of $1.41 billion and a P/E ratio of 109.10.

In related news, insider Todd Olson Anthony purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of C$7.63 per share, with a total value of C$38,150.00. Insiders have acquired a total of 9,938 shares of company stock worth $78,123 over the last ninety days.

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About First Majestic Silver Corp.

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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