First Majestic Silver (TSE:FR) Downgraded by BMO Capital Markets to Underperform

BMO Capital Markets lowered shares of First Majestic Silver (TSE:FR) (NYSE:AG) from a market perform rating to an underperform rating in a report released on Friday, December 22nd. They currently have C$7.50 price objective on the mining company’s stock, down from their prior price objective of C$9.00.

Several other equities analysts have also recently commented on the stock. National Bank Financial cut their target price on shares of First Majestic Silver from C$11.00 to C$10.50 and set an outperform rating for the company in a research note on Monday, November 6th. HC Wainwright reissued a buy rating on shares of First Majestic Silver in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of C$10.00.

First Majestic Silver (TSE FR) traded up C$0.19 during trading hours on Friday, reaching C$8.61. 639,706 shares of the company traded hands, compared to its average volume of 692,485. The firm has a market cap of $1,430.00, a PE ratio of 287.00 and a beta of -0.21. First Majestic Silver has a 1 year low of C$7.51 and a 1 year high of C$14.36.

In other First Majestic Silver news, Director David Andrew Shaw sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of C$8.46, for a total transaction of C$84,600.00. Also, Director Robert A. Mccallum sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of C$8.64, for a total transaction of C$43,200.00.

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About First Majestic Silver

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 (TSE:FR)

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