TD Securities Cuts First Majestic Price Target

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.”

As quoted in the market news:

A number of other firms have also recently commented on AG. Analysts at Raymond James cut their price target on shares of First Majestic Silver from C$24.00 to C$21.00 in a research note to investors on Wednesday, April 24th. They now have an outperform rating on the stock. Separately, analysts at Zacks downgraded shares of First Majestic Silver from a neutral rating to an underperform rating in a research note to investors on Tuesday, April 23rd. They now have a $10.90 price target on the stock. Finally, analysts at TheStreet downgraded shares of First Majestic Silver from a hold rating to a sell rating in a research note to investors on Thursday, April 18th.

Click here to read the full report from The Mideast Times.