First Majestic Silver Corporation (NYSE:AG) shares, rose in value, with the stock price up by 8.36% to the previous day’s close as strong demand from buyers drove the stock to $5.83.
Actively observing the price movement in the last trading, the stock closed the session at $5.38. Referring to stock’s 52-week performance, its high was $8.44, and the low was $4.43. On the whole, AG has fluctuated by 2.10% over the past month.
With the market capitalization of First Majestic Silver Corporation currently standing at about $2.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.26B, with a low estimate of 330.43M and a high estimate of 330.85M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 330.64M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 4.18% and 3.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.90, while the 7-day volatility ratio is showing 6.29% which for the 30-day chart, stands at 5.85%. Furthermore, First Majestic Silver Corporation (AG)’s beta value is 1.12, and its average true range (ATR) is 0.33.
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 8.36% in last session, and over the past year, it grew by 23.52%%. On the other hand, the price of Endeavour Silver Corp. (EXK) has risen 11.36%% on the day. The stock, however, is off 114.97% from where it was a year ago. Additionally, there is a gain of 5.23%% for Pan American Silver Corp. (PAAS) in last trading while the stock has seen an overall depriciation of 85.22%% over the past year.
Data on historical trading for First Majestic Silver Corporation (NYSE:AG) indicates that the trading volumes over the past 3 months, they’ve averaged 15.83 million. According to company’s latest data on outstanding shares, there are 484.09 million shares outstanding.
Nearly 11.09% of First Majestic Silver Corporation’s shares belong to company insiders and institutional investors own 27.37% of the company’s shares. The stock has risen by 6.19% 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.
