08:59 AM EST, 01/17/2025 (MT Newswires) -- First Majestic Silver ( AG ) is "off restriction" with its price target lowered to $10.25 from $11.25 and stock rating maintained at Sector Perform, National Bank of Canada said in a Thursday note.

The bank said the price target was revised lower on share dilution from the acquisition of Gatos Silver and the decline of a key profit metric.

First Majestic's share price closed Thursday at $8.04 on the TSX.