Insider Selling: First Majestic Silver Corp. (TSE:FR) Senior Officer Sells 100,000 Shares of Stock

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Senior Officer Raymond L. Polman sold 100,000 shares of the company’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of C$21.50, for a total value of C$2,150,000.00. Following the sale, the insider now owns 14,200 shares of the company’s stock, valued at approximately C$305,300.

Raymond L. Polman also recently made the following trade(s):

  • On Tuesday, April 6th, Raymond L. Polman sold 65,000 shares of First Majestic Silver stock. The stock was sold at an average price of C$21.60, for a total value of C$1,403,980.50.

Shares of TSE FR traded down C$0.39 during trading hours on Friday, hitting C$20.73. 755,966 shares of the company’s stock were exchanged, compared to its average volume of 1,407,661. First Majestic Silver Corp. has a 1-year low of C$9.62 and a 1-year high of C$30.75. The company has a debt-to-equity ratio of 20.38, a current ratio of 3.50 and a quick ratio of 3.16. The stock has a market capitalization of C$4.62 billion and a price-to-earnings ratio of 191.94. The company’s 50-day moving average price is C$20.91 and its 200-day moving average price is C$17.42.

First Majestic Silver (TSE:FR) (NYSE:AG) last posted its quarterly earnings data on Thursday, February 18th. The mining company reported C$0.14 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.01. The business had revenue of C$152.60 million for the quarter. On average, research analysts expect that First Majestic Silver Corp. will post 0.6509202 earnings per share for the current year.

Several analysts have recently issued reports on FR shares. National Bank Financial upped their price target on First Majestic Silver from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Sunday, January 17th. TD Securities downgraded First Majestic Silver to a “hold” rating and set a C$23.00 price target for the company. in a research note on Thursday, February 25th.

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. The company holds 100% interests in San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,868 hectares located in Durango; the Santa Elena Silver/Gold Mine consists of 17 concessions covering an area of 57,656 hectares located in Sonora; and La Encantada Silver Mine comprises 22 concessions covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

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Insider Buying and Selling by Quarter for First Majestic Silver (TSE:FR)

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