First Majestic Silver Corp. Increases Again; Strong Momentum for Buyers

 First Majestic Silver Corp. Increases Again; Strong Momentum for Buyers

The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 292,016 shares traded hands. First Majestic Silver Corp. (TSE:FR) has risen 35.03% since March 10, 2016 and is uptrending. It has outperformed by 29.42% the S&P500.
The move comes after 7 months positive chart setup for the $1.58 billion company. It was reported on Oct, 17 by We have $13.61 PT which if reached, will make TSE:FR worth $489.80 million more.

First Majestic Silver Corp. (TSE:FR) Ratings Coverage

Out of 4 analysts covering First Majestic Silver Corp. (TSE:FR), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $23 is the highest target while $4.75 is the lowest. The $9.26 average target is -10.88% below today’s ($10.39) stock price. First Majestic Silver Corp. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, July 24 by National Bank Canada. The firm has “Sector Perform” rating by National Bank Canada given on Monday, October 5.

First Majestic Silver Corp. is a mining company. The company has a market cap of $1.58 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.

FR Company Profile

First Industrial Realty Trust, Inc., incorporated on August 10, 1993, is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Firm owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA). The Company’s in-services portfolio consists of over 230 light industrial properties; approximately 80 research and development (R&D)/flex properties; approximately 170 bulk warehouse properties, and over 100 regional warehouse properties located in over 20 states. The Company’s in-service portfolio includes all properties other than developed, redeveloped and acquired properties that have not yet reached stabilized occupancy.

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