National Bank Financial Analysts Decrease Earnings Estimates for First Majestic Silver Corp. (TSE:FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Equities researchers at National Bank Financial lowered their FY2018 earnings per share (EPS) estimates for shares of First Majestic Silver in a research report issued on Wednesday, Zacks Investment Research reports. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.00 per share for the year, down from their prior forecast of $0.10. National Bank Financial currently has a “Sector Perform” rating and a $10.00 price target on the stock.

Separately, BMO Capital Markets downgraded First Majestic Silver from a “market perform” rating to an “underperform” rating and reduced their target price for the company from C$9.00 to C$7.50 in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$9.90.

Shares of First Majestic Silver (TSE:FR) opened at C$6.97 on Monday. First Majestic Silver has a fifty-two week low of C$6.24 and a fifty-two week high of C$13.19. The firm has a market capitalization of $1,180.00, a PE ratio of 232.33 and a beta of -0.25.

In other First Majestic Silver news, Director David Andrew Shaw sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$8.46, for a total transaction of C$84,600.00.

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First Majestic Silver 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.

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