First Majestic Silver Corp. (TSE:FR) Senior Officer Karen Liu Sells 12,500 Shares

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Senior Officer Karen Liu sold 12,500 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$14.35, for a total value of C$179,375.00.

FR stock traded down C$0.49 during trading hours on Tuesday, hitting C$13.64. 2,076,902 shares of the stock were exchanged, compared to its average volume of 720,418. The company has a debt-to-equity ratio of 25.16, a current ratio of 3.13 and a quick ratio of 2.61. The firm has a market cap of $2.84 billion and a price-to-earnings ratio of -15.80. The firm has a 50-day moving average price of C$11.86. First Majestic Silver Corp. has a 12 month low of C$6.12 and a 12 month high of C$14.70.

A number of equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on First Majestic Silver from C$9.25 to C$12.00 in a research note on Thursday, August 8th. National Bank Financial increased their price objective on First Majestic Silver from C$11.00 to C$13.50 in a research report on Tuesday, July 23rd. Cormark lowered their price objective on First Majestic Silver from C$11.50 to C$11.00 in a research report on Wednesday, April 17th. Finally, TD Securities increased their price objective on First Majestic Silver from C$13.00 to C$17.50 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

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.

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