First Majestic Silver Corporation (NYSE:AG) shares, rose in value on Wednesday, March 26, with the stock price down by -1.45% to the previous day’s close as strong demand from buyers drove the stock to $6.79.
Actively observing the price movement in the last trading, the stock closed the session at $6.89, falling within a range of $6.76 and $7.0083. The value of beta (5-year monthly) was 1.24. 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 24.13% over the past month.
With the market capitalization of First Majestic Silver Corporation currently standing at about $3.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.28%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.27B, with a low estimate of 332.89M and a high estimate of 332.89M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 332.89M.
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% Buy 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% Buy.
The stock’s technical analysis shows that the price of AG currently trading nearly 7.43% and 14.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.96, while the 7-day volatility ratio is showing 3.98% which for the 30-day chart, stands at 5.46%. Furthermore, First Majestic Silver Corporation (AG)’s beta value is 1.03, and its average true range (ATR) is 0.34.
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 -1.45% in last session, and over the past year, it grew by 26.92%%.
Data on historical trading for First Majestic Silver Corporation (NYSE:AG) indicates that the trading volumes over the past 10 days have averaged 23.11 and over the past 3 months, they’ve averaged 18.91 million. According to company’s latest data on outstanding shares, there are 484.09 million shares outstanding.
Nearly 10.36% of First Majestic Silver Corporation’s shares belong to company insiders and institutional investors own 27.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.42 million shares as on 2025-03-14, resulting in a short ratio of 1.04. The stock has risen by 23.68% 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.
