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

First Majestic Silver (TSE:AG) had its price objective cut by research analysts at BMO Capital Markets from C$9.00 to C$7.00 in a report issued on Saturday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 11.46% from the company’s current price.

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

First Majestic Silver Price Performance

AG stock opened at C$6.28 on Friday.

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 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.