First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$15.60.
Several research analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of First Majestic Silver from C$12.00 to C$10.50 in a research note on Friday, May 13th. HC Wainwright reissued a “buy” rating and set a C$19.50 price target on shares of First Majestic Silver in a research note on Friday, May 13th. TD Securities cut their target price on shares of First Majestic Silver from C$20.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday, May 13th. Finally, National Bankshares raised their target price on shares of First Majestic Silver from C$17.00 to C$18.00 in a report on Wednesday, April 20th.
In other First Majestic Silver news, Senior Officer Todd Olson Anthony bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was acquired at an average price of C$10.67 per share, with a total value of C$53,350.00. Following the transaction, the insider now owns 155,000 shares in the company, valued at C$1,653,850. In the last ninety days, insiders bought 28,500 shares of company stock valued at $323,965.
Shares of FR opened at C$9.03 on Friday. The firm’s 50 day simple moving average is C$10.23 and its 200 day simple moving average is C$13.35. The company has a market capitalization of C$2.37 billion and a P/E ratio of 3,010.00. The company has a debt-to-equity ratio of 15.45, a current ratio of 2.24 and a quick ratio of 1.68. First Majestic Silver has a 1-year low of C$8.52 and a 1-year high of C$18.41.
First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last announced its earnings results on Thursday, May 12th. The mining company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.09). The company had revenue of C$198.67 million for the quarter. On average, equities analysts anticipate that First Majestic Silver will post 0.5 earnings per share for the current year.
First Majestic Silver Company Profile (Get Rating)
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.
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