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Fly News Breaks for January 15, 2019
AG
Jan 15, 2019 | 07:24 EDT
As reported earlier, BMO Capital analyst Ryan Thompson downgraded First Majestic to Market Perform and lowered his price target to C$8.25 from C$8.50. The analyst cites the company's lower than expected output in Q4 and also softer than anticipated guidance for FY19 amid a slowdown in production at Del Toro site and continued declines at La Parilla. Thompson adds that First Majestic has "underspent" on exploration in recent years and is now forced to play "catch-up".
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