The Globe and Mail reports in its Friday edition that BMO Capital analyst Kevin O'Halloran has reinstated coverage on First Majestic Silver with a "market perform" recommendation and $8.25 share target. The Globe's Darcy Keith writes that analysts on average target the shares at $11.77. Mr. O'Halloran says in a note: "While we have a constructive view of the company's operations overall, we view First Majestic shares as appropriately valued with elevated P/NAV multiples compared to peers. Opportunities for production growth and cost improvement in our view are balanced with a moderately elevated cost profile and uncertainty at the company's Jerritt Canyon property. With silver's increasing share of revenues and modestly above-average operating leverage, First Majestic shares provide strong leverage to silver, in our view." The Globe reported on Jan. 28, 2022, that National Bank rated First Majestic "sector perform." It was then worth $13.21. The Globe reported on July 22, 2022, Scotia Capital rated First Majestic "sector perform," when it was worth $8.59. The Globe's guest columnist Sean Pugliese recommended First Majestic as a rebound story on Nov. 24, 2022. The shares could then be had for $12.84.