First Majestic Silver Corporation (NYSE:AG) price on current trading day, fall -1.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.17.
A look at the stock’s price movement, the level at last check in today’s session was $6.27, moving within a range at $6.13 and $6.31. The beta value (5-Year monthly) was 1.387. Turning to its 52-week performance, $8.44 and $4.17 were the 52-week high and 52-week low respectively. Overall, AG moved -10.58% over the past month.
First Majestic Silver Corporation’s market cap currently stands at around $1.86 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.02, with its dividend yield at 0.29%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 229.02M for the company’s revenue for the quarter, with a low and high estimate of 216.43M and 241.62M respectively. The average forecast suggests up to a 23.89% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 764.76M, representing a -1.27% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AG is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 1 recommend AG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AG’s current price about -2.42% and -7.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.65, while 7-day volatility ratio is 4.03% and 4.21% in the 30-day chart. Further, First Majestic Silver Corporation (AG) has a beta value of 1.24, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $8.5, forecast between a low of $8.5 and high of $8.5. Looking at the price targets, the low is -37.76% off recent price level in today’s trading while to achieve the yearly target high, it has to move -37.76%. Nonetheless, investors will most likely welcome a -37.76% jump to $8.5 which is the analysts’ median price.
If we refocus on First Majestic Silver Corporation (NYSE:AG), historical trading data shows that trading volumes averaged 8.18 over the past 10 days and 10.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 301.72 million shares.
The 1.68% of First Majestic Silver Corporation’s shares are in the hands of company insiders while institutional holders own 36.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.32 million on 2024-11-15, giving us a short ratio of 3.08. Current price change has pushed the stock 0.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AG stock continues to rise going into the next quarter.
