First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Investment analysts at National Bank Financial issued their FY2021 earnings per share estimates for First Majestic Silver in a research report issued to clients and investors on Tuesday, March 26th, according to Zacks Investment Research. National Bank Financial analyst D. Demarco forecasts that the mining company will post earnings of $0.36 per share for the year. National Bank Financial currently has a “Sector Perform” rating and a $9.50 price objective on the stock.
Other research analysts have also issued research reports about the company. Cormark reduced their price objective on First Majestic Silver from C$11.50 to C$11.00 in a research report on Wednesday. BMO Capital Markets lowered First Majestic Silver from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$8.50 to C$8.25 in a research report on Tuesday, January 15th. Finally, B. Riley reaffirmed a “neutral” rating and set a C$6.00 price objective on shares of First Majestic Silver in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. First Majestic Silver currently has an average rating of “Hold” and a consensus target price of C$9.45.
In related news, Director Robert A. Mccallum sold 20,000 shares of First Majestic Silver stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$9.35, for a total transaction of C$187,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at C$93,500. Also, Senior Officer Raymond L. Polman sold 31,250 shares of First Majestic Silver stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$9.17, for a total value of C$286,562.50. Following the transaction, the insider now owns 113,950 shares in the company, valued at C$1,044,921.50.
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 San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.
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