Could First Majestic Silver Corp. Change Direction After Today’s Huge Increase?

 Could First Majestic Silver Corp. Change Direction After Today's Huge Increase?

The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 177,026 shares traded hands. First Majestic Silver Corp. (TSE:FR) has risen 33.49% since April 1, 2016 and is uptrending. It has outperformed by 31.53% the S&P500.
The move comes after 8 months positive chart setup for the $1.73B company. It was reported on Nov, 8 by Barchart.com. We have $15.19 PT which if reached, will make TSE:FR worth $674.70M more.

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 -15.28% below today’s ($10.93) stock price. First Majestic Silver Corp. has been the topic of 16 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of First Majestic Silver Corp. (TSE:FR) has “Sector Perform” rating given on Monday, October 5 by National Bank Canada. National Bank Canada initiated First Majestic Silver Corp. (TSE:FR) on Friday, July 24 with “Sector Perform” rating. The rating was upgraded by Raymond James on Tuesday, October 25 to “Market Perform”.

First Majestic Silver Corp. is a mining company. The company has a market cap of $1.73 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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