Desjardins Equities Analysts Decrease Earnings Estimates for First Majestic Silver Corp. (FR)

Desjardins Equities Analysts Decrease Earnings Estimates for First Majestic Silver Corp. (FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – Equities research analysts at Desjardins lowered their FY2016 earnings per share estimates for First Majestic Silver Corp. in a report released on Tuesday. Desjardins analyst M. Parkin now anticipates that the brokerage will earn $0.14 per share for the year, down from their prior estimate of $0.17. Desjardins also issued estimates for First Majestic Silver Corp.’s Q4 2016 earnings at ($0.03) EPS.

Several other equities research analysts also recently commented on FR. National Bank Financial upgraded shares of First Majestic Silver Corp. from a “sector perform overweight” rating to an “outperform market weight” rating in a research note on Wednesday, November 9th. Raymond James Financial, Inc. upgraded shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a research report on Tuesday, October 25th. BMO Capital Markets restated a “market perform” rating and set a C$14.00 target price on shares of First Majestic Silver Corp. in a research report on Thursday, November 10th. TD Securities restated a “hold” rating and set a C$13.00 target price on shares of First Majestic Silver Corp. in a research report on Thursday, November 10th. Finally, Scotiabank restated a “sector perform” rating and set a C$9.75 target price on shares of First Majestic Silver Corp. in a research report on Wednesday, January 18th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$11.63.

First Majestic Silver Corp. (TSE:FR) opened at 13.42 on Thursday. The company’s market cap is $2.21 billion. The firm’s 50 day moving average is $11.94 and its 200 day moving average is $13.94. First Majestic Silver Corp. has a 12-month low of $3.94 and a 12-month high of $24.96.

In other news, insider Todd Olson Anthony sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of C$12.79, for a total transaction of C$127,900.00. Also, insider Ramos Rodrigo Cordoba sold 16,250 shares of the business’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of C$12.00, for a total transaction of C$195,000.00. Insiders sold 177,000 shares of company stock valued at $2,258,175 in the last ninety days.

First Majestic Silver Corp. Company Profile

First Majestic Silver Corp. (First Majestic) is a mining company. The Company is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company operates through eight segments: six segments located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.

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