Scotiabank raised the firm’s price target on First Majestic (AG) to $23 from $12.50 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
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- Mining Stocks Soar as Gold, Silver Hit Record Highs on Tariff, Shutdown Fears
- Moderately bullish activity in First Majestic Silver with shares up 4.89%
- Bullish flow in First Majestic Silver with shares up 4.81%
- First Majestic price target raised to C$26 from C$22 at BMO Capital
- First Majestic price target raised to $24.50 from $17.50 at H.C. Wainwright