First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – National Bank Financial issued their FY2018 earnings per share (EPS) estimates for First Majestic Silver in a research report issued to clients and investors on Monday, August 13th. National Bank Financial analyst D. Demarco expects that the mining company will post earnings per share of ($0.05) for the year. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for First Majestic Silver’s FY2019 earnings at $0.29 EPS and FY2020 earnings at $0.40 EPS.
Other analysts have also recently issued research reports about the stock. TD Securities cut their price target on shares of First Majestic Silver from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Tuesday. BMO Capital Markets cut their price target on shares of First Majestic Silver from C$9.25 to C$8.75 and set a “market perform” rating for the company in a research note on Tuesday. Roth Capital reiterated a “buy” rating on shares of First Majestic Silver in a research note on Wednesday, April 25th. Finally, Cormark cut their price target on shares of First Majestic Silver from C$14.00 to C$13.00 and set a “c$9.03” rating for the company in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. First Majestic Silver currently has a consensus rating of “Buy” and an average target price of C$10.94.
In other First Majestic Silver news, insider Adam Mceniry sold 4,300 shares of the stock in a transaction on Monday, June 25th. The shares were sold at an average price of C$10.17, for a total value of C$43,731.00. Also, insider Raymond L. Polman sold 125,000 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of C$10.04, for a total transaction of C$1,255,000.00. In the last quarter, insiders acquired 19,101 shares of company stock valued at $151,244 and sold 180,900 shares valued at $1,810,647.
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 Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.
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