Trade Report: The FY2016 Earnings Forecast for First Majestic Silver Corp. (FR) Issued By National Bank Financial

The FY2016 Earnings Forecast for First Majestic Silver Corp. (FR) Issued By National Bank Financial

First Majestic Silver Corp. (TSE:FR) – Analysts at National Bank Financial reduced their FY2016 EPS estimates for shares of First Majestic Silver Corp. in a research note issued to investors on Wednesday. National Bank Financial analyst G. Doyle now anticipates that the brokerage will earn $0.24 per share for the year, down from their prior forecast of $0.25. National Bank Financial also issued estimates for First Majestic Silver Corp.’s FY2017 earnings at $0.43 EPS.

Separately, Raymond James Financial Inc. upped their target price on First Majestic Silver Corp. from C$11.25 to C$11.50 in a report on Friday, September 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. First Majestic Silver Corp. presently has a consensus rating of “Hold” and an average price target of C$7.42.

Shares of First Majestic Silver Corp. (TSE:FR) opened at 10.33 on Friday. First Majestic Silver Corp. has a 1-year low of $3.50 and a 1-year high of $24.96. The stock’s 50 day moving average price is $14.42 and its 200-day moving average price is $15.70. The company’s market capitalization is $1.69 billion.

In other First Majestic Silver Corp. news, insider Jill Anne Arias sold 6,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of C$24.20, for a total value of C$145,200.00.

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