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Analyst Actions: First Majestic Silver Keeps Market Perform, $11 Target Price at BMO Capital
11:54 AM EDT, 10/19/2017 (MT Newswires) -- First Majestic Silver (FR.TO) added 1% in recent trade after BMO Capital reiterated its market perform rating while keeping a target price of $11.
BMO said first Majestic is a leveraged play on silver prices, with break even costs of $14-15/oz. First Majestic is undergoing a recapitalization program at its operations after years of underspending, which should stabilize margins in future years.
BMO still expects EPS of $0.13 for 2017, $0.52 for 2018, and $0.25 for 2019.
