First Majestic Silver (TSE:AG – Free Report) had its price objective reduced by BMO Capital Markets from C$9.00 to C$7.00 in a report released on Saturday morning, BayStreet.CA reports.
Separately, Cormark raised First Majestic Silver from a hold rating to a moderate buy rating in a research note on Friday.
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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.
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