First Majestic Silver Corporation (NYSE:AG) price on current trading day, rose 4.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.71.
A look at the stock’s price movement, the close in the last trading session was $5.47. Turning to its 52-week performance, $8.44 and $4.37 were the 52-week high and 52-week low respectively. Overall, AG moved 8.35% over the past month.
First Majestic Silver Corporation’s market cap currently stands at around $2.76 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.02, with its dividend yield at 0.31%. 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 330.85M for the company’s revenue for the quarter, with a low and high estimate of 330.85M and 330.85M respectively. The average forecast suggests up to a 127.41% 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 1.24B, representing a 55.18% jump 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 25% Sell. On the other hand, the stock is on average a 50% Sell 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 0.41% and 0.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.99, while 7-day volatility ratio is 6.62% and 5.66% in the 30-day chart. Further, First Majestic Silver Corporation (AG) has a beta value of 1.16, and an average true range (ATR) of 0.33. 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 -48.86% off current price level while to achieve the yearly target high, price needs to move -48.86%. Nonetheless, investors will most likely welcome a -48.86% 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 14.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 484.09 million shares.
The 11.08% of First Majestic Silver Corporation’s shares are in the hands of company insiders while institutional holders own 27.17% of the company’s shares. Current price change has pushed the stock 4.01% 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.
