National Bank Reaffirms Their Hold Rating on First Majestic Silver (AG)


According to The Fly, in a report released today, Don DeMarco from National Bank maintained a Hold rating on First Majestic Silver (AG). The company’s shares opened today at $5.49, close to its 52-week low of $4.93.

According to TipRanks.com, DeMarco is a 1-star analyst with an average return of -3.7% and a 53.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, SilverCrest Metals Inc, and Osisko Mining Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Majestic Silver with a $8.50 average price target.

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The company has a one-year high of $8.48 and a one-year low of $4.93. Currently, First Majestic Silver has an average volume of 2.78M.

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First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México such as 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.

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