BMO Capital Markets Lowers First Majestic Silver (TSE:AG) Price Target to C$7.00

First Majestic Silver (TSE:AG) had its price target dropped by BMO Capital Markets from C$9.00 to C$7.00 in a report released on Saturday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 11.46% from the stock’s current price.

Separately, Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday.

First Majestic Silver Stock Down 4.3 %

Shares of TSE:AG opened at C$6.28 on Friday. First Majestic Silver has a fifty-two week low of C$6.23 and a fifty-two week high of C$10.72.

First Majestic Silver Company Profile

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 covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.