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

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

The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 175,155 shares traded hands. First Majestic Silver Corp. (TSE:FR) has risen 20.70% since April 14, 2016 and is uptrending. It has outperformed by 16.27% the S&P500.
The move comes after 7 months positive chart setup for the $1.98 billion company. It was reported on Nov, 18 by Barchart.com. We have $19.39 PT which if reached, will make TSE:FR worth $1.33 billion 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 -20.24% below today’s ($11.61) 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 it with “Sector Perform” rating and $6.50 target price in Friday, July 24 report. Raymond James upgraded the shares of FR in a report on Tuesday, October 25 to “Market Perform” rating. On Monday, October 5 the stock rating was reinitiated by National Bank Canada with “Sector Perform”.

First Majestic Silver Corp. is a mining company. The company has a market cap of $1.98 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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