A report released today by Raymond James about First Majestic Silver (TSE:FR) ups the target price to $11.50
- Updated: September 23, 2016
Stating as potential downside of -0.23%, Raymond James upped the price target of First Majestic Silver (TSE:FR) to $11.50
On 8/17/2016, Desjardins Securities released a statement on First Majestic Silver (TSE:FR) upped the target price from $19.75 to $23.00 that suggested an upside of 0.08%.
Having a price of $14.87, First Majestic Silver (TSE:FR) traded -5.18% lower on the day. With the last close down -2.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. First Majestic Silver has recorded a 50-day average of $18.58 and a two hundred day average of $15.24. Volume of trade was down over the average, with 1,257,484 shares of FR changing hands under the typical 1,354,360
With a total market value of $0, First Majestic Silver has with a one year low of $3.50 and a one year high of $24.96 .
A total of 7 firms have reported on the stock. 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, four equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.03.
Brief Synopsis About First Majestic Silver (TSE:FR)
First Majestic Silver Corp. (First Majestic) is a mining company. The Company is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe. Its segments in Mexico are Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra. Its segment in Canada is Coins and Bullion Sales, and Europe is Silver Sales. The Company owns and operates approximately six producing silver mines: the La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine and Santa Elena Silver Mine. Its major products are precious and base metals concentrates, which are refined or smelted into pure silver, gold, lead and zinc and sold to global metal brokers.
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