First Majestic Silver Corp. (FR) to Post FY2017 Earnings of ($0.02) Per Share, Cormark Forecasts

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Investment analysts at Cormark issued their FY2017 earnings per share estimates for shares of First Majestic Silver in a research note issued to investors on Wednesday. Cormark analyst R. Gray expects that the mining company will earn ($0.02) per share for the year. Cormark also issued estimates for First Majestic Silver’s Q4 2017 earnings at ($0.02) EPS and FY2018 earnings at $0.01 EPS.

Several other brokerages have also weighed in on FR. BMO Capital Markets lowered shares of First Majestic Silver from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from C$9.00 to C$7.50 in a research note on Friday, December 22nd. HC Wainwright reaffirmed a “buy” rating on shares of First Majestic Silver in a research note on Wednesday, October 18th. Finally, National Bank Financial lowered their target price on shares of First Majestic Silver from C$11.00 to C$10.50 and set an “outperform” rating for the company in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$10.00.

Shares of First Majestic Silver (TSE FR) traded down C$0.41 on Friday, hitting C$8.59. 637,346 shares of the company were exchanged, compared to its average volume of 879,429. First Majestic Silver has a 12-month low of C$7.51 and a 12-month high of C$14.36. The stock has a market capitalization of $1,420.00, a price-to-earnings ratio of 286.33 and a beta of -0.21.

In other news, Director Robert A. Mccallum sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of C$8.64, for a total value of C$43,200.00. Also, Director David Andrew Shaw sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of C$8.46, for a total transaction of C$84,600.00.

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First Majestic Silver Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

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