First Majestic Silver Corporation (NYSE:AG) shares, rose in value, with the stock price down by -1.64% to the previous day’s close as strong demand from buyers drove the stock to $5.70.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.79, falling within a range of $5.61 and $5.79. The value of beta (5-year monthly) is 1.387. Referring to stock’s 52-week performance, its high was $8.44, and the low was $4.17. On the whole, AG has fluctuated by -2.48% over the past month.
With the market capitalization of First Majestic Silver Corporation currently standing at about $2.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 787.1M, with a low estimate of 222.41M and a high estimate of 234.83M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 228.62M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of AG currently trading nearly -0.04% and -1.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.73, while the 7-day volatility ratio is showing 5.21% which for the 30-day chart, stands at 5.71%. Furthermore, First Majestic Silver Corporation (AG)’s beta value is 1.15, and its average true range (ATR) is 0.31.
A comparison of First Majestic Silver Corporation (AG) with its peers suggests the former has fared considerably weaker in the market. AG showed an intraday change of -1.64% in today’s session so far, and over the past year, it grew by 24.07%%.
Data on historical trading for First Majestic Silver Corporation (NYSE:AG) indicates that the trading volumes over the past 10 days have averaged 19.71 and over the past 3 months, they’ve averaged 13.32 million. According to company’s latest data on outstanding shares, there are 479.32 million shares outstanding.
Nearly 12.75% of First Majestic Silver Corporation’s shares belong to company insiders and institutional investors own 23.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 40.53 million shares as on 2025-01-31, resulting in a short ratio of 1.37. The stock has risen by 3.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AG stock heading into the next quarter.
