First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) is scheduled to release its earnings data before the market opens on Thursday, February 23rd.
First Majestic Silver Stock Down 1.8 %
Shares of TSE:FR opened at C$9.52 on Thursday. The firm has a 50 day simple moving average of C$11.22 and a 200-day simple moving average of C$11.07. First Majestic Silver has a twelve month low of C$8.12 and a twelve month high of C$18.41. 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 capitalization of C$2.59 billion and a PE ratio of 3,173.33.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on FR shares. TD Securities raised their target price on shares of First Majestic Silver from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Thursday, November 10th. BMO Capital Markets dropped their price objective on shares of First Majestic Silver from C$10.50 to C$9.00 in a research note on Friday, January 20th. National Bankshares decreased their target price on shares of First Majestic Silver from C$14.50 to C$11.00 and set a “sector perform” rating for the company in a research note on Tuesday. HC Wainwright restated a “buy” rating and issued a C$12.00 price target on shares of First Majestic Silver in a research report on Friday, January 20th. Finally, Cormark decreased their price objective on First Majestic Silver from C$17.00 to C$15.00 in a research report on Friday, January 20th.
Insiders Place Their Bets
In other news, Director Keith Neumeyer sold 10,000 shares of First Majestic Silver stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of C$12.56, for a total value of C$125,600.00. Following the completion of the sale, the director now owns 4,027,602 shares of the company’s stock, valued at C$50,586,681.12. In related news, Senior Officer Amar Singh Parmar sold 6,857 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of C$10.44, for a total transaction of C$71,587.08. Also, Director Keith Neumeyer sold 10,000 shares of First Majestic Silver stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of C$12.56, for a total transaction of C$125,600.00. Following the sale, the director now directly owns 4,027,602 shares in the company, valued at approximately C$50,586,681.12.
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.