BMO Upgrades First Majestic Silver to Outperform, Sets Price Target at C$35
ByAinvest
Tuesday, Mar 24, 2026 2:23 pm ET1min read
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BMO Capital upgraded First Majestic Silver to Outperform from Market Perform with a C$35 price target, citing historically attractive valuation and multiple catalysts. The upgrade came as the company's shares rose 3.7% in Tuesday's trading. BMO views the stock as discounted compared to historical trading multiples, with a 2.2x multiple.
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