First Majestic Silver Corporation (NYSE:AG) traded at $5.92 at close of the session on Monday, December 16 and made a downward move of -1.82% on its previous day’s price.
Looking at the stock we see that its previous close was $6.03 and the beta (5Y monthly) reads 1.387 with the day’s price range being $5.85 – $6.08. In terms of its 52-week price range, AG has a high of $8.44 and a low of $4.17. The company’s stock has lost about -8.22% over that past 30 days.
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First Majestic Silver Corporation has a market cap of $1.79 billion and is expected to release its quarterly earnings report in January. With its Forward Dividend at 0.02 and a yield of 0.30%, the company’s investors could be anxious for the AG stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 229.02M, with a low of 216.43M and a high of 241.62M. The median projection represents growth squeezing down to 23.89% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 764.76M, or -1.27% down from figures reported last year.
On the other hand, looking at the outlook for the AG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the First Majestic Silver Corporation (AG) stock as a Hold, while 1 rate it as a Buy. 0 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 the current price level is -5.72% off its SMA20 and -10.97% from its 50-day simple moving average. The RSI (14) is pointing at 41.05 while the volatility over the past week is 4.33% and jumps to 4.06% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 0.32. The average price target for the stock over the next 12 months is $8.5, with the estimates having a low of $8.5 and a high of $8.5. These price ends are -43.58% and -43.58% off the current price level respectively, although investors could be excited at the prospect of a -43.58% if the AG share price touches on the median price of $8.5.
Coming back to First Majestic Silver Corporation (NYSE:AG), we note that the average 3-month trading volume was 10.46 million, while that of the preceding 10-day period stands at 8.85 million. Current shares outstanding are 301.72 million.
The insiders hold 1.68% of the company’s shares while institutions hold 36.84%. The data shows that short shares as of 2024-11-29, stood at 37.13 million at a short ratio of 3.08. Shares short rose in November from the previous month at 31.32 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -3.74% down in year-to-date price movement.
