First Majestic Silver (TSE:FR) PT Raised to C$14.00 at National Bank Financial

First Majestic Silver (TSE:FR) (NYSE:AG) had its price target lifted by National Bank Financial from C$13.50 to C$14.00 in a research note released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.

Other equities research analysts have also recently issued research reports about the stock. TD Securities boosted their price target on shares of First Majestic Silver from C$13.00 to C$17.50 and gave the stock a buy rating in a research report on Thursday, August 8th. BMO Capital Markets boosted their price target on shares of First Majestic Silver from C$9.25 to C$12.00 in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. First Majestic Silver presently has an average rating of Hold and a consensus price target of C$12.00.

Shares of FR opened at C$13.72 on Monday. The company’s fifty day moving average is C$12.53 and its 200 day moving average is C$9.56. First Majestic Silver has a fifty-two week low of C$6.12 and a fifty-two week high of C$14.70. The stock has a market capitalization of $2.84 billion and a PE ratio of -15.95. The company has a debt-to-equity ratio of 25.16, a quick ratio of 2.59 and a current ratio of 3.13.

In other First Majestic Silver news, Senior Officer Raymond L. Polman sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of C$8.75, for a total transaction of C$131,250.00. Following the transaction, the insider now owns 132,200 shares in the company, valued at C$1,156,750. Also, Senior Officer Connie Lillico sold 25,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$10.15, for a total transaction of C$253,750.00. Following the transaction, the insider now owns 111,500 shares in the company, valued at approximately C$1,131,725. Insiders have sold 129,699 shares of company stock worth $1,581,348 in the last quarter.

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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