First Majestic Silver Corporation (AG): The Latest Casualty Of Increased Volatility?

First Majestic Silver Corporation (NYSE:AG) does about 7.78M shares in volume on a normal day but saw 5383563 shares change hands in Monday trading. The company now has a market cap of 1.90B USD. Its current market price is $6.54, marking an increase of 2.19% compared to the previous close of $6.40. The 52 week high reached by this stock is $8.44 whilst the lowest price level in 52 weeks is $4.17.

First Majestic Silver Corporation (AG) has a 20-day trading average at $6.14 and the current price is -22.51% off the 52-week high compared with 56.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.75 and its 200-day simple moving average is $5.80. If we look at the stock’s price movements over the week, volatility stands at 4.49%, which decreases to 4.08% 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 54.86 to suggest the stock is neutral.

The consensus objective for the share price is $7.55, suggesting that the stock has a potential upside of 13.38% over the period.

First Majestic Silver Corporation (AG) stock is up 10.47% over the week and -2.53% over the past month. Its price is 6.34% year-to-date and 18.91% over the past year.

To reach the target analysts have set, the stock logically needs to grow 13.38 percent from here.

The company has a return on investment of -3.04% and return on equity of -3.60%. The forward price to earnings ratio is 31.99. The beta has a value of 1.32. Price to book ratio is 1.40 and price to sales ratio is 3.64.