First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) had its target price raised by analysts at National Bankshares from C$13.00 to C$14.50 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the mining company's stock. National Bankshares' price target points to a potential upside of 23.40% from the company's current price.
FR has been the subject of several other reports. HC Wainwright reduced their price target on First Majestic Silver to C$12.50 and set an "outperform" rating for the company in a report on Tuesday, November 29th. TD Securities raised their price target on First Majestic Silver from C$11.00 to C$12.00 and gave the company a "hold" rating in a report on Thursday, November 10th.
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First Majestic Silver Price Performance
FR opened at C$11.75 on Friday. The stock has a fifty day simple moving average of C$12.10 and a two-hundred day simple moving average of C$10.84. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 19.13. The company has a market cap of C$3.20 billion and a price-to-earnings ratio of 3,916.67. First Majestic Silver has a 12-month low of C$8.12 and a 12-month high of C$18.41.
First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last issued its quarterly earnings results 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 firm had revenue of C$208.45 million during the quarter. Research analysts predict that First Majestic Silver will post 0.3 earnings per share for the current fiscal year.
Insider Activity at First Majestic Silver
In related news, Senior Officer Todd Olson Anthony sold 50,000 shares of the stock in a transaction on Thursday, October 20th. The stock was sold at an average price of C$10.97, for a total transaction of C$548,500.00. Following the sale, the insider now directly owns 150,000 shares of the company's stock, valued at C$1,645,500. In other First Majestic Silver news, Director Rose Marjorie Co sold 2,344 shares of the firm's stock in a transaction dated Monday, October 24th. The stock was sold at an average price of C$11.40, for a total value of C$26,721.60. Following the transaction, the director now directly owns 14,121 shares of the company's stock, valued at C$160,979.40. Also, Senior Officer Todd Olson Anthony sold 50,000 shares of the firm's stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of C$10.97, for a total value of C$548,500.00. Following the completion of the transaction, the insider now directly owns 150,000 shares in the company, valued at C$1,645,500. Insiders have sold 73,344 shares of company stock valued at $841,402 over the last ninety 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.
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