H.C. Wainwright raised the firm’s price target on First Majestic (AG) to $14 from $12.75 and keeps a Buy rating on the shares. The firm says its Santa Elena site visit reaffirmed the company should be able to generate significant free cash flow over the coming quarters.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AG:
- First Majestic upgraded to Outperform from Sector Perform at National Bank
- Mixed options sentiment in First Majestic Silver with shares down 2.05%
- First Majestic Silver Releases Updated Technical Reports for Mexican Mines
- Moderately bullish activity in First Majestic Silver with shares up 1.01%
- First Majestic Silver Announces Positive Drilling Results at Los Gatos