First Majestic (FR) Receives a Hold from National Bank

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, First Majestic (FRResearch Report). National Bank’s analyst Don DeMarco reiterates their Hold rating on the shares today.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 9.0% and a 68.7% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.

Currently, the analyst consensus on First Majestic is a Moderate Buy with an average price target of C$8.88.

The company has a one-year high of C$11.09 and a one-year low of C$6.12. Currently, First Majestic has an average volume of 663.3K.

First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including La Encantada Silver Mine; La Parrilla Silver Mine; San Martin Silver Mine; Del Toro Silver Mine; Santa Elena Silver & Gold Mine; and San Dimas Silver & Gold Mine.

The company’s shares closed on Wednesday at C$9.28.