First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Investment analysts at Cormark issued their Q4 2019 earnings per share estimates for First Majestic Silver in a research note issued on Wednesday, April 17th. Cormark analyst R. Gray expects that the mining company will earn $0.01 per share for the quarter. Cormark also issued estimates for First Majestic Silver’s FY2020 earnings at $0.11 EPS.
Other analysts have also issued reports about the stock. BMO Capital Markets lowered shares of First Majestic Silver from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$8.50 to C$8.25 in a research report on Tuesday, January 15th. B. Riley reiterated a “neutral” rating and set a C$6.00 target price on shares of First Majestic Silver in a research report on Friday, March 1st. Finally, National Bank Financial lifted their target price on shares of First Majestic Silver from C$8.50 to C$9.50 and gave the company a “sector perform” rating in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$9.45.
In other First Majestic Silver news, Senior Officer Raymond L. Polman sold 31,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$9.17, for a total value of C$286,562.50. Following the completion of the sale, the insider now owns 113,950 shares of the company’s stock, valued at C$1,044,921.50. Also, Director Robert A. Mccallum sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$9.35, for a total transaction of C$187,000.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately C$93,500.
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 production in Mexico. It owns and operates six silver producing mines, including the San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.
Featured Story: The components of the Stochastic Momentum Index
Receive News & Ratings for First Majestic Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Majestic Silver and related companies with MarketBeat.com's FREE daily email newsletter.