First Majestic Silver Corp. (TSE:FR) (NYSE:AG) Director Keith Neumeyer sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of C$15.00, for a total value of C$187,500.00. Following the sale, the director now owns 4,055,567 shares of the company’s stock, valued at approximately C$60,833,505.
Keith Neumeyer also recently made the following trade(s):
- On Wednesday, December 29th, Keith Neumeyer sold 34,100 shares of First Majestic Silver stock. The stock was sold at an average price of C$14.05, for a total value of C$479,105.00.
Shares of TSE FR opened at C$14.85 on Friday. First Majestic Silver Corp. has a one year low of C$11.87 and a one year high of C$25.75. The company has a debt-to-equity ratio of 16.05, a current ratio of 2.91 and a quick ratio of 2.03. The business’s fifty day moving average price is C$13.76 and its 200-day moving average price is C$14.98. The stock has a market capitalization of C$3.81 billion and a PE ratio of 82.96.
Several research firms have weighed in on FR. Cormark reissued a “buy” rating on shares of First Majestic Silver in a research report on Tuesday, November 9th. BMO Capital Markets cut their price objective on First Majestic Silver from C$12.75 to C$11.75 in a research report on Wednesday, January 19th. HC Wainwright reissued a “buy” rating and issued a C$22.50 price objective on shares of First Majestic Silver in a research report on Wednesday, January 19th. TD Securities raised First Majestic Silver from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$19.50 to C$18.00 in a research report on Tuesday, December 7th. Finally, National Bankshares cut their price objective on First Majestic Silver from C$19.00 to C$18.50 in a research report on Friday, January 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$18.63.
About First Majestic Silver
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in Mexico. It holds 100% interests in the San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,839 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine consists of 32 concessions covering an area of 102,172 hectares located in Sonora; and the La Encantada Silver Mine comprises 22 concessions covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.
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