First Majestic Silver (FR) Trading Down 8.3%

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) shares fell 8.3% on Friday . The stock traded as low as C$6.24 and last traded at C$6.28. 878,233 shares were traded during mid-day trading, a decline of 13% from the average session volume of 1,008,899 shares. The stock had previously closed at C$6.85.

FR has been the topic of a number of research reports. BMO Capital Markets lowered shares of First Majestic Silver from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from C$9.00 to C$7.50 in a research report on Friday, December 22nd. HC Wainwright reissued a “buy” rating on shares of First Majestic Silver in a research report on Wednesday, October 18th. Finally, National Bank Financial cut their price objective on shares of First Majestic Silver from C$11.00 to C$10.50 and set an “outperform” rating on the stock in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. First Majestic Silver currently has an average rating of “Hold” and an average target price of C$9.90.

The firm has a market capitalization of $1,060.00, a PE ratio of 213.00 and a beta of -0.25.

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