First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Senior Officer Karen Liu sold 12,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$14.35, for a total value of C$179,375.00.
Shares of TSE FR opened at C$13.67 on Friday. The company has a debt-to-equity ratio of 25.16, a quick ratio of 2.61 and a current ratio of 3.13. The firm has a market cap of $2.83 billion and a price-to-earnings ratio of -15.90. The business’s 50-day simple moving average is C$12.07 and its 200-day simple moving average is C$9.39. First Majestic Silver Corp. has a 52 week low of C$6.12 and a 52 week high of C$14.70.
A number of research analysts have recently commented on the company. National Bank Financial increased their price objective on First Majestic Silver from C$11.00 to C$13.50 in a report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on First Majestic Silver from C$9.25 to C$12.00 in a report on Thursday, August 8th. Finally, TD Securities increased their price objective on First Majestic Silver from C$13.00 to C$17.50 and gave the company a “buy” rating in a report on Thursday, August 8th.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.
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