Insider Buying: Senior Officer of First Majestic Silver Corp. (TSE:FR) acquires 5,000 shares


First Majestic Silver Corp. (TSE:FR – Get Rating) (NYSE:AG) Senior Officer Todd Olson Anthony purchased 5,000 shares of First Majestic Silver on Thursday, July 21. The shares were purchased at an average price of $8.75 per share for a total value of $43,750.00. Upon completion of the acquisition, the insider now owns 160,000 shares of the company, valued at approximately $1,400,000.

Todd Olson Anthony also recently made the following trades:

  • On Thursday, June 9th, Todd Olson Anthony bought 5,000 shares of First Majestic Silver. The shares were purchased at an average price of $10.67 per share for a total value of $53,350.00.
  • On Wednesday, May 18th, Todd Olson Anthony bought 5,000 shares of First Majestic Silver. The shares were purchased at an average price of $10.23 per share for a total value of $51,150.00.
  • On Thursday, May 12th, Todd Olson Anthony bought 10,000 shares of First Majestic Silver. The shares were purchased at an average price of $9.85 per share for a total value of $98,500.00.
  • On Monday, April 25th, Todd Olson Anthony bought 5,000 shares of First Majestic Silver. The shares were purchased at an average price of $14.20 per share for a total value of $71,000.00.

Price history of First Majestic Silver

First Majestic Silver shares opened at CAD$8.59 on Friday. The company has a 50-day moving average price of $10.01 and a 200-day moving average price of $13.14. The company has a market cap of CA$2.26 billion and a P/E of 2,863.33. The company has a current ratio of 2.24, a quick ratio of 1.68 and a debt to equity ratio of 15.45. First Majestic Silver Corp. has a 12-month low of $8.52 and a 12-month high of $18.41.

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last announced its earnings results on Thursday, May 12th. The mining company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The company had revenues of CA$198.67 million for the quarter. As a group, equity analysts forecast that First Majestic Silver Corp. will post 0.52 EPS for the current year.

Analyst upgrades and downgrades

A number of analysts have recently issued reports on FR stocks. BMO Capital Markets lowered its price target on shares of First Majestic Silver from C$12.00 to C$10.50 in a research note on Friday, May 13. TD Securities has lowered its target price on shares of First Majestic Silver from $20.00 to $12.00 and issued a research note with a rating of “hold” on the company on Friday, May 13th. HC Wainwright reiterated a “buy” rating and price target of $19.50 on shares of First Majestic Silver in a research note on Friday, May 13. Finally, National Bankshares lowered its target price on shares of First Majestic Silver from $18.00 to $11.75 and issued a research note Thursday giving the company a “sector perform” rating. Four research analysts have rated the stock with a hold rating and two have rated the company’s stock with a buy. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.79.

About First Majestic Silver

(get rating)

First Majestic Silver Corp. is engaged in the acquisition, exploration, development and production of mineral properties focused on silver and gold production in North America. It holds 100% interest in the 71,868 hectare San Dimas silver/gold mine located in Durango and Sinaloa states; the 102,244 hectare Santa Elena silver/gold mine in Sonora; Jerritt Canyon Gold Mine, covering approximately 30,821 hectares in Elko County, Nevada; and the La Encantada Silver Mine covering 4,076 hectares in Coahuila and 1,343 hectares of surface land holdings.

Further reading

Insider Buying and Sales by Quarter for First Majestic Silver (TSE:FR)



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