In a new note to investors on September 19, an analyst has provided a rating update for the Materials sector company, First Majestic (TSX: FR). Analyst Andrew Breichmanas from BMO Capital remains bullish on the stock and has a C$9.25 price target.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Pan American Silver, and Agnico Eagle.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Majestic with a C$11 average price target.
The company has a one-year high of C$11.09 and a one-year low of C$6.24. Currently, First Majestic has an average volume of 628.9K.
First Majestic Silver Corp. engages in the business of the production, development, exploration, and acquisition of mineral properties. It focuses in the silver assets of Santa Elena Silver of Gold Mine, La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, and the La Guitarra Silver Mine.
The company’s shares closed on Friday at C$7.30.
