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First Majestic Silver Corp. (NYSE: AG) Has Yet To Impress Analysts?

First Majestic Silver Corp. (NYSE:AG) traded at $9.43 at last check on Tuesday, November 22, made an upward move of 3.40% on its previous day’s price.

Looking at the stock we see that its previous close was $9.12 and the beta (5Y monthly) reads 0.97 with the day’s price range being $8.805 – $9.1397. The company has a trailing 12-month PE ratio of 4560.00. In terms of its 52-week price range, AG has a high of $14.59 and a low of $6.31. The company’s stock has gained about 7.93% over that past 30 days.

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First Majestic Silver Corp. has a market cap of $2.42 billion and is expected to release its quarterly earnings report on Nov 09, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.03, with the EPS growth for the year raised at -$0.08 for 2022 and $0.29 for next year. These figures represent -500.00% and 462.50% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $156 million, with a low of $154 million and a high of $158 million. The median projection represents growth squeezing down to 25.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $646.69 million, or 10.70% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AG stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the First Majestic Silver Corp. (AG) stock as a Hold, while 1 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the AG stock currently stands at 97.44, and the most recent price level today is 6.01% off its SMA20 and 14.20% from its 50-day simple moving average. The RSI (14) is pointing at 59.14 while the volatility over the past week is 4.27% and jumps to 5.02% over the past one month. The average price target for the stock over the next 12 months is $9.55, with the estimates having a low of $7.28 and a high of $12.50. These price ends are 22.8% and -32.56% off the today’s price level respectively, although investors could be excited at the prospect of a 2.23% if the AG share price touches on the median price of $9.22.

Let’s briefly compare First Majestic Silver Corp. (AG) stock to its peers. We find that today’s price change of 3.40% and -29.19% over the past 12 months for AG competes that of Hecla Mining Company (HL), which has seen its stock price rise 5.94% in the latest trading session and is -20.37% over the last one year. Another of its peers Endeavour Silver Corp. (EXK) has gained 5.12% today, and was -37.71% down over the past year, while Pan American Silver Corp. (PAAS) is also up 3.98% yet, while its price remains in the red at -44.53% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.

Coming back to First Majestic Silver Corp. (NYSE:AG), we note that the average 3-month trading volume was 7.25 million, while that of the preceding 10-day period stands at 7.48 million. Current shares outstanding are 265.46 million.

The insiders hold 9.66% of the company’s shares while institutions hold 34.30%. The data shows that short shares as of Oct 13, 2022, stood at 17.29 million at a short ratio of 2.05. This represents a 6.58% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 18.7 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -17.91% down in year-to-date price movement.

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