Insider Buying: First Majestic Silver Corp. (TSE:FR) Senior Officer Buys 1,000 Shares of Stock

First Majestic Silver Corp. (TSE:FRGet Rating) (NYSE:AG) Senior Officer Sophie Emmanuelle Hsia purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of C$10.09 per share, with a total value of C$10,090.00. Following the acquisition, the insider now directly owns 5,000 shares in the company, valued at C$50,450.

First Majestic Silver stock traded down C$0.06 during trading on Friday, hitting C$10.29. The company had a trading volume of 636,481 shares, compared to its average volume of 806,524. First Majestic Silver Corp. has a 1-year low of C$9.46 and a 1-year high of C$20.78. The company has a current ratio of 2.24, a quick ratio of 1.68 and a debt-to-equity ratio of 15.45. The company’s 50 day simple moving average is C$12.39 and its 200-day simple moving average is C$13.95. The stock has a market cap of C$2.70 billion and a price-to-earnings ratio of 3,430.00.

First Majestic Silver (TSE:FRGet Rating) (NYSE:AG) last posted its earnings results on Thursday, May 12th. The mining company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The company had revenue of C$198.67 million for the quarter. As a group, analysts forecast that First Majestic Silver Corp. will post 0.5104965 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on FR shares. BMO Capital Markets cut their price target on shares of First Majestic Silver from C$12.00 to C$10.50 in a report on Friday, May 13th. TD Securities cut their price target on shares of First Majestic Silver from C$20.00 to C$12.00 and set a “hold” rating for the company in a report on Friday, May 13th. National Bankshares raised their price target on shares of First Majestic Silver from C$17.00 to C$18.00 in a report on Wednesday, April 20th. Finally, HC Wainwright reiterated a “buy” rating and issued a C$19.50 target price on shares of First Majestic Silver in a report on Friday, May 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to, First Majestic Silver currently has a consensus rating of “Hold” and an average target price of C$16.83.

About First Majestic Silver (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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Insider Buying and Selling by Quarter for First Majestic Silver (TSE:FR)

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