First Majestic Silver (TSE:FR – Get Free Report) (NYSE:AG) had its price objective cut by equities researchers at TD Securities from C$10.50 to C$10.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the mining company’s stock. TD Securities’ price target would indicate a potential upside of 22.85% from the company’s previous close.
First Majestic Silver Stock Up 2.5 %
Shares of First Majestic Silver stock opened at C$8.14 on Friday. The company has a debt-to-equity ratio of 19.17, a quick ratio of 1.19 and a current ratio of 2.31. First Majestic Silver has a 52-week low of C$6.90 and a 52-week high of C$13.04. The stock has a market capitalization of C$2.23 billion, a price-to-earnings ratio of -7.61, a P/E/G ratio of 0.14 and a beta of 0.96. The company’s 50 day moving average price is C$7.91 and its 200-day moving average price is C$8.93.
Insider Activity at First Majestic Silver
In related news, Senior Officer Todd Anthony purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average price of C$7.03 per share, for a total transaction of C$35,150.00. 2.32% of the stock is currently owned by company insiders.
First Majestic Silver Company Profile
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. Its projects include the San Dimas mine that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.
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