Scotiabank lowered the firm’s price target on First Majestic (AG) to $6 from $6.50 and keeps a Sector Perform rating on the shares. The firm has updated its estimates for Q4 metal prices and FX rates for companies in the gold & precious minerals space, along with minor adjustments to 2024 estimates in advance to reporting, the analyst tells investors. 2024 was a very active period for marketing and acquisition transactions in the precious metals market and the firm expects this consolidation to continue in 2025.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AG:
- First Majestic Secures Shareholder Approval for Gatos Silver Acquisition
- Gatos Silver shareholders vote to adopt First Majestic merger proposal
- First Majestic Silver Corp. Marks Increased Production and Record Safety Performance in Q4 2024
- First Majestic Silver call volume above normal and directionally bullish
- First Majestic Updates on Gatos Silver Venture