The Mideast Times reported that TD Securities has cut its price target for First Majestic Silver Corp. (TSX:FR,NYSE:AG) to C$16.50 from $18. The firm rates the stock a "buy."
Articles Tagged "First Majestic Silver"
Silver prices declined for much of the week, but today's uptick has some experts thinking that improvement is on the way.
Silver for July delivery fell on the COMEX in New York to $22.97 an ounce, a decline of $0.14.
First Majestic Silver Corp (NYSE:AG, TSX:FR) announced their first quarter results, including earnings of $26.5 million.
Silver began the week on a positive note, but took a fall midweek. Meanwhile, HSBC has cut its 2013 and 2014 forecasts for the metal.
First Majestic Silver Corp. (TSX:FR, NYSE:AG) announced that they received a ruling in their favour regarding litigation against Hector Davila Santos and Minera Arroyo Del Agua, S.A. de C.V.
Silver is stabilizing after a two-day massacre took the metal down over 17 percent.
The silver market is reportedly in surplus and many miners are expecting to see supply increases.
Silver managed to close above $29, but was quickly robbed of the gains.
Silver prices have been slashed over the past week.