HC Wainwright Reiterates Buy Rating for First Majestic Silver (TSE:FR)

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research report issued on Friday. They currently have a C$12.00 price objective on the mining company’s stock. HC Wainwright’s target price would suggest a potential upside of 11.32% from the stock’s previous close.

FR has been the subject of a number of other reports. National Bankshares raised their price objective on First Majestic Silver from C$13.00 to C$14.50 and gave the stock a “sector perform” rating in a research report on Friday, January 13th. TD Securities lifted their target price on First Majestic Silver from C$11.00 to C$12.00 and gave the stock a “hold” rating in a report on Thursday, November 10th.

First Majestic Silver Stock Performance

TSE:FR opened at C$10.78 on Friday. The stock’s 50-day simple moving average is C$11.98 and its 200 day simple moving average is C$10.91. The firm has a market capitalization of C$2.94 billion and a PE ratio of 3,593.33. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 19.13. First Majestic Silver has a twelve month low of C$8.12 and a twelve month high of C$18.41.

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last released its quarterly earnings data on Wednesday, November 9th. The mining company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.08). The company had revenue of C$208.45 million during the quarter. On average, analysts anticipate that First Majestic Silver will post 0.3 EPS for the current fiscal year.

Insider Activity

In other news, Director Rose Marjorie Co sold 2,344 shares of the company’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of C$11.40, for a total transaction of C$26,721.60. Following the transaction, the director now owns 14,121 shares of the company’s stock, valued at approximately C$160,979.40. In related news, Director Rose Marjorie Co sold 2,344 shares of the business’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of C$11.40, for a total transaction of C$26,721.60. Following the sale, the director now directly owns 14,121 shares in the company, valued at approximately C$160,979.40. Also, Director Keith Neumeyer sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of C$12.56, for a total value of C$125,600.00. Following the sale, the director now owns 4,027,602 shares in the company, valued at C$50,586,681.12. Insiders have sold 23,344 shares of company stock valued at $292,902 in the last 90 days.

About First Majestic Silver

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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.