First Majestic Silver Corp. (TSE:FR) Senior Officer Sells C$131,250.00 in Stock

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Senior Officer Raymond L. Polman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of C$8.75, for a total value of C$131,250.00. Following the transaction, the insider now owns 132,200 shares in the company, valued at C$1,156,750.

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

  • On Thursday, March 28th, Raymond L. Polman purchased 2,000 shares of First Majestic Silver stock. The stock was acquired at an average cost of C$8.91 per share, for a total transaction of C$17,820.00.
  • On Wednesday, March 20th, Raymond L. Polman sold 31,250 shares of First Majestic Silver stock. The stock was sold at an average price of C$9.17, for a total value of C$286,562.50.

Shares of FR stock opened at C$8.57 on Wednesday. The stock has a market capitalization of $1.71 billion and a PE ratio of -8.32. The company has a current ratio of 3.25, a quick ratio of 2.70 and a debt-to-equity ratio of 25.16. First Majestic Silver Corp. has a 52-week low of C$6.12 and a 52-week high of C$11.09.

A number of research firms have weighed in on FR. B. Riley reaffirmed a “neutral” rating and set a C$6.00 price objective on shares of First Majestic Silver in a report on Friday, March 1st. Cormark dropped their price objective on shares of First Majestic Silver from C$11.50 to C$11.00 in a research report on Wednesday, April 17th. National Bank Financial dropped their price objective on shares of First Majestic Silver from C$9.50 to C$9.25 and set a “sector perform” rating for the company in a research report on Tuesday, May 21st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$8.25 target price on shares of First Majestic Silver in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$9.40.

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About First Majestic Silver

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.

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

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