Brokers Set Expectations for First Majestic Silver Corp.’s FY2018 Earnings (FR)

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) – National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for First Majestic Silver in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.00 per share for the year, down from their previous estimate of $0.10. National Bank Financial currently has a “Sector Perform” rating and a $10.00 target price on the stock.

Several other research firms have also recently weighed in on FR. HC Wainwright restated a “buy” rating on shares of First Majestic Silver in a research note on Wednesday, October 18th. BMO Capital Markets cut First Majestic Silver from a “market perform” rating to an “underperform” rating and cut their target price for the stock from C$9.00 to C$7.50 in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. First Majestic Silver presently has an average rating of “Hold” and a consensus price target of C$9.90.

Shares of First Majestic Silver (TSE:FR) traded down C$0.02 during trading hours on Monday, reaching C$7.17. The company had a trading volume of 205,814 shares, compared to its average volume of 1,017,965. The firm has a market capitalization of $1,190.00, a P/E ratio of 239.67 and a beta of -0.25. First Majestic Silver has a 1-year low of C$6.97 and a 1-year high of C$14.36.

In other news, Director Robert A. Mccallum sold 5,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of C$8.64, for a total value of C$43,200.00. Also, Director David Andrew Shaw sold 10,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of C$8.46, for a total value of C$84,600.00.

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First Majestic Silver Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

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