First Majestic Silver Corp. (NYSE:AG) does about 6.99M shares in volume on a normal day but saw 4609042 shares change hands in Monday trading. The company now has a market cap of 2.67B USD and an enterprise value of about $2.53B. Its current market price is $12.45, marking an increase of 1.97% compared to the previous close of $12.21. The 52 week high reached by this stock is $14.57 whilst the lowest price level in 52 weeks is $4.17. The script in recent trading has seen the stock touch a high of $12.61 and a low of $12.20.
First Majestic Silver Corp. (AG) has a 20-day trading average at $12.18 and the current price is -14.55% off the 52-week high compared with 198.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.53 and its 200-day simple moving average is $9.76. If we look at the stock’s price movements over the week, volatility stands at 5.03%, which increases to 5.19% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.22 to suggest the stock is neutral.
7 analysts observing the First Majestic Silver Corp. (AG) stock have set the 12-month price targets for the company’s shares at between $9.25 and $16.50. The consensus objective for the share price is $9.54, suggesting that the stock has a potential downside of -30.5% over the period. The median price target is 14.55% away from the current levels at $14.57.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 2 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 24, 2020 when TD Securities downgraded the stock to “Hold” and issued a price target of .
The current price level is 1.98%, 8.67%, and 27.69% away from its SMA20, SMA50, and SMA200 respectively, with the AG price moving above the 50-day SMA on August 31. First Majestic Silver Corp. (AG) stock is up 9.60% over the week and -6.60% over the past month. Its price is 1.55% year-to-date and 14.43% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2017, with the company’s earnings per share (EPS) of -$0.04 below consensus estimates by -$0.02. The company’s next earnings report is expected on 11/05/2020, with forecasts estimating quarterly EPS at $0.01 and $0.06 for whole year. AG’s earnings per share are forecast to grow by 250.00% this year and 16.70% over next year.
Its 12-month price target is $14.57. To reach the target analysts have set, the stock logically needs to shrink -30.5 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $9.25, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $16.50.
Outstanding shares total 214.43M with insiders holding 11.40% of the shares and institutional holders owning 35.41% of the company’s common stock. The forward price to earnings ratio is 177.86. Price to book ratio is 4.05 and price to sales ratio is 8.49.
According to a U.S. Securities and Exchange Commission filing, VanEck Vectors – Gold Miners ETF has added its position in First Majestic Silver Corp. (AG) to 11,310,001 shares, mirroring a recent increase by 0.30%. VanEck Vectors – Gold Miners ETF added 34346.0 shares of First Majestic Silver Corp. common stock bringing its total worth to about $150.76 million at the end of recent close, SEC documents show. VanEck Vectors – Gold Miners ETF isn’t the only investment manager who changed stakes and is followed by VanEck Vectors – Junior Gold Mine, which added 0.11 million shares to end up with 8,020,095 shares worth $106.91 million. Global X Silver Miners ETF raise their holdings by 1.36% in the company over the course of the most recent quarter. It now holds a 1.99% position in First Majestic Silver Corp. thanks to 4.18 million shares amounting to $55.67 million.