What’s Ahead for First Majestic Silver Corp. After Today’s Huge Decline?

 What's Ahead for First Majestic Silver Corp. After Today's Huge Decline?

The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 724,993 shares traded hands. First Majestic Silver Corp. (TSE:FR) has risen 21.64% since April 8, 2016 and is uptrending. It has outperformed by 16.65% the S&P500.
The move comes after 5 months negative chart setup for the $1.65B company. It was reported on Nov, 14 by Barchart.com. We have $10.33 PT which if reached, will make TSE:FR worth $99.00M 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. First Majestic Silver Corp. has been the topic of 16 analyst reports since July 24, 2015 according to StockzIntelligence Inc. National Bank Canada reinitiated the stock with “Sector Perform” rating in Monday, October 5 report. The firm has “Sector Perform” rating given on Friday, July 24 by National Bank Canada. On Tuesday, October 25 the stock rating was upgraded by Raymond James to “Market Perform”.

First Majestic Silver Corp. is a mining company. The company has a market cap of $1.65 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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