After Today’s Huge Decline, Is First Majestic Silver Corp.’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is First Majestic Silver Corp.'s Near Term Analysis Negative?

The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 884,553 shares traded hands. First Majestic Silver Corp. (TSE:FR) has risen 34.48% since March 30, 2016 and is uptrending. It has outperformed by 33.26% the S&P500.
The move comes after 8 months negative chart setup for the $1.81 billion company. It was reported on Nov, 3 by We have $10.61 PT which if reached, will make TSE:FR worth $126.70 million less.

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

Out of 5 analysts covering First Majestic Silver Corp. (TSE:FR), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. $23 is the highest target while $4.75 is the lowest. The $9.26 average target is -18.84% below today’s ($11.41) stock price. First Majestic Silver Corp. has been the topic of 16 analyst reports since July 24, 2015 according to StockzIntelligence Inc. National Bank Canada initiated First Majestic Silver Corp. (TSE:FR) rating on Friday, July 24. National Bank Canada has “Sector Perform” rating and $6.50 price target. The firm earned “Market Perform” rating on Tuesday, October 25 by Raymond James. The stock of First Majestic Silver Corp. (TSE:FR) has “Sector Perform” rating given on Monday, October 5 by National Bank Canada.

First Majestic Silver Corp. is a mining company. The company has a market cap of $1.81 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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