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.
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
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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