First Majestic Silver Corporation (NYSE:AG) does about 7.35M shares in volume on a normal day but saw 6783274 shares change hands in Monday trading. The company now has a market cap of 1.53B USD. Its current market price is $5.32, marking a decrease of -0.56% compared to the previous close of $5.35. The 52 week high reached by this stock is $8.07 whilst the lowest price level in 52 weeks is $4.17.
First Majestic Silver Corporation (AG) has a 20-day trading average at $5.19 and the current price is -34.08% off the 52-week high compared with 27.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.89 and its 200-day simple moving average is $5.49. If we look at the stock’s price movements over the week, volatility stands at 5.82%, which decreases to 4.63% 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 54.39 to suggest the stock is neutral.
The consensus objective for the share price is $5.70, suggesting that the stock has a potential upside of 6.67% over the period.
First Majestic Silver Corporation (AG) stock is down -4.49% over the week and 14.41% over the past month. Its price is -13.50% year-to-date and -17.77% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.03 above consensus estimates by $0.01. AG’s earnings per share are forecast to grow by 12.50% this year and 357.10% over next year. Expected sales for next quarter are $116 million, which analysts say will come at $470.64 million for the current fiscal year and next year at $467.95 million. In addition, estimates put the company’s current quarterly revenue at an average of $115 million.
To reach the target analysts have set, the stock logically needs to grow 6.67 percent from here.
Outstanding shares total 287.15M with insiders holding 2.22% of the shares and institutional holders owning 35.95% of the company’s common stock. The company has a return on investment of -8.46% and return on equity of -9.76%. The forward price to earnings ratio is 31.29. The beta has a value of 1.41. Price to book ratio is 1.12 and price to sales ratio is 2.66.
