What’s Propelling First Majestic Silver Corp. to Decline So Much?


The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 1.01 million shares traded hands. First Majestic Silver Corp. (TSE:FR) has risen 222.09% since February 5, 2016 and is uptrending. It has outperformed by 205.60% the S&P500.
The move comes after 7 months negative chart setup for the $2.41B company. It was reported on Sep, 13 by Barchart.com. We have $14.66 PT which if reached, will make TSE:FR worth $120.50 million less.

Out of 3 analysts covering First Majestic Silver Corp. (TSE:FR), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. First Majestic Silver Corp. has been the topic of 9 analyst reports since October 5, 2015 according to StockzIntelligence Inc.

First Majestic Silver Corp. is a mining company. The company has a market cap of $2.41 billion. The Firm is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. It currently has negative earnings. The Firm operates through eight divisions: six divisions located in Mexico, one retail market segment in Canada and one metal trading segment in Europe.

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