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Analyst Actions: First Majestic Silver Keeps Market Perform, $8.25 Target Price at BMO Capital
09:44 AM EDT, 04/02/2019 (MT Newswires) -- First Majestic Silver (FR.TO) has been reiterated with a market perform rating and target price of $8.25 at BMO Capital after San Dimas delivered a positive reserve update, which was offset by large decreases at some of the other assets in the portfolio.
BMO said First Majestic offers the highest exposure to silver in our coverage universe. In recent years, the company has underspent on exploration and development, and is now playing catch-up. The San Dimas acquisition bolsters First Majestic's reserve base with the addition of a quality long lived asset.