▼ -2.48% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for First Majestic Silver in the last 3 months. The average price target is $9.94, with a high forecast of $16.00 and a low forecast of $2.00. The average price target represents a -2.48% upside from the last price of $10.19.
The current consensus among 5 investment analysts is to hold stock in First Majestic Silver. This rating has held steady since July 2020, when it changed from a Buy consensus rating.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. The company holds 100% interests in San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,868 hectares located in Durango; the Santa Elena Silver/Gold Mine consists of 17 concessions covering an area of 57,656 hectares located in Sonora; and 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. It also holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,943 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.