Could First Majestic Silver Corp. Crash Even More? The Stock Had Another Big Decline Today

 Could First Majestic Silver Corp. Crash Even More? The Stock Had Another Big Decline Today

The stock of First Majestic Silver Corp. (TSE:FR) is a huge mover today! About 150,858 shares traded hands. First Majestic Silver Corp. (TSE:FR) has declined 8.46% since April 20, 2016 and is downtrending. It has underperformed by 13.87% the S&P500.
The move comes after 8 months negative chart setup for the $1.67B company. It was reported on Nov, 24 by Barchart.com. We have $10.67 PT which if reached, will make TSE:FR worth $50.10 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. 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) earned “Sector Perform” rating by National Bank Canada on Monday, October 5. The rating was initiated by National Bank Canada with “Sector Perform” on Friday, July 24. The firm has “Market Perform” rating by Raymond James given on Tuesday, October 25.

Another recent and important First Majestic Silver Corp. (TSE:FR) news was published by Fool.com which published an article titled: “2 Remarkable Numbers First Majestic Silver Corp Investors Don’t Want to Miss” on November 22, 2016.

First Majestic Silver Corp. is a mining company. The company has a market cap of $1.67 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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