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London
December 23, 2024
PI Global Investments
Silver

BMO Capital Markets Trims First Majestic Silver (TSE:FR) Target Price to C$7.50


First Majestic Silver (TSE:FRFree Report) (NYSE:AG) had its price target lowered by BMO Capital Markets from C$8.00 to C$7.50 in a report published on Monday, BayStreet.CA reports.

Several other research firms also recently commented on FR. Cormark dropped their price objective on shares of First Majestic Silver from C$8.00 to C$7.00 in a report on Monday. TD Securities dropped their price objective on shares of First Majestic Silver from C$8.00 to C$7.50 and set a hold rating on the stock in a report on Thursday, January 18th.

View Our Latest Stock Report on First Majestic Silver

First Majestic Silver Price Performance

TSE FR opened at C$6.21 on Monday. The company has a market cap of C$1.78 billion, a PE ratio of -7.96, a price-to-earnings-growth ratio of 0.14 and a beta of 1.29. First Majestic Silver has a 52 week low of C$5.67 and a 52 week high of C$10.79. The company has a quick ratio of 1.19, a current ratio of 2.97 and a debt-to-equity ratio of 19.05. The firm’s 50-day simple moving average is C$6.92 and its two-hundred day simple moving average is C$7.30.

First Majestic Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, March 13th. First Majestic Silver’s payout ratio is -3.85%.

About First Majestic Silver

(Get Free Report)

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.

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