First Majestic Silver (FR) Stock Forecast & Price Target

C$9.81

+0.13 (+1.34%)

(As of 05/24/2024)

First Majestic Silver - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 2 Analyst Ratings

Sell
0

Hold
2

Buy
0

Based on 2 Wall Street analysts who have issued ratings for First Majestic Silver in the last 12 months, the stock has a consensus rating of "Hold." Out of the 2 analysts, 2 have given a hold rating for FR.

Consensus Price Target

C$7.33
-25.25% Downside

According to the 2 analysts' twelve-month price targets for First Majestic Silver, the average price target is C$7.33. The highest price target for FR is C$7.50, while the lowest price target for FR is C$7.00. The average price target represents a forecasted downside of -25.25% from the current price of C$9.81.

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FR Analyst Ratings Over Time

Type	Current Forecast 11/6/23 to 11/5/24	1 Month Ago 10/7/23 to 10/6/24	3 Months Ago 8/8/23 to 8/7/24	1 Year Ago 11/6/22 to 11/6/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$7.33	C$7.33	C$7.33	C$10.80
Forecasted Upside	-25.25% Downside	-25.25% Downside	-9.35% Downside	70.08% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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FR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Majestic Silver Stock vs. The Competition

Type	First Majestic Silver	Basic Materials Companies
Consensus Rating Score	2.00	2.74
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent FR News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/26/2024	BMO Capital Markets 4 of 5 stars		Lower Target		C$8.00 ➝ C$7.50	+22.15%
2/26/2024	Cormark 3 of 5 stars		Lower Target		C$8.00 ➝ C$7.00	+14.01%
1/18/2024	TD Securities 4 of 5 stars		Lower Target	Hold	C$8.00 ➝ C$7.50	+19.81%
2/14/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$14.50 ➝ C$11.00	+13.87%
1/20/2023	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	Heiko Ihle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	C$12.00	+12.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:23 AM ET.

FR Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for First Majestic Silver is C$7.33, with a high forecast of C$7.50 and a low forecast of C$7.00.
: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Majestic Silver in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FR, but not buy additional shares or sell existing shares.
: According to analysts, First Majestic Silver's stock has a predicted downside of -25.25% based on their 12-month stock forecasts.
: Analysts like First Majestic Silver less than other "basic materials" companies. The consensus rating for First Majestic Silver is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how FR compares to other companies.

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This page (TSE:FR) was last updated on 11/5/2024 by MarketBeat.com Staff

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First Majestic Silver (FR) Stock Forecast & Price Target