First Majestic Silver Corp. (NYSE:AG) currently has a daily average trading volume of 6.37M but it saw 5672821 shares traded on Thursday. With a market cap of 1.89B USD, stock’s current market price of $6.92 while comparing to the previous closing price of $6.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.59 and as low as $5.85. In the recent trading on the day, stock has struck highest price mark of $7.03 while lowest mark touched by it was $6.75.
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Taking a look at 20-day trading activity of First Majestic Silver Corp. (AG) gives us an average price of $6.53, while its current price level is -52.57% below from 52-week high level whereas it is 18.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.47 while that of 200 days or SMA-200 reads an average of $7.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.51% during that period while stretching the period over a month that decreases to 4.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.97 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.12 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $12.00. Average price target assigned by them is $9.50 which highlights an upside potential of 27.16% for the stock over that period. And to attain the median price target of $8.25 assigned by those analysts, stock has to add about 16.12% of value to its current levels.
Over the week, AG’s stock price is moving 14.76% up while it is -4.81% when we observe its performance for the past one month. Year-to-date it is -17.03% down and over the past year, the stock is showing a downside performance of -47.97%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.09 beaten by the consensus estimate of -$0.03 for the same. The company is expected to be releasing its next quarterly report in 05/11/2023, for which analysts forecasted an EPS of -$0.02 while estimate for next year EPS is -$0.17. For AG, analysts are forecasting an EPS-growth rate of -950.00% for current year and estimate for EPS growth in next year is 94.10%. Moreover, analysts are in estimates of $156 million for current-quarter revenue.
Currently, First Majestic Silver Corp.’s total number of outstanding shares is 272.58M with 9.73% of that held by the insiders while 35.70% of its common stock has been owned by the institutions. It has a 692.00 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.34 while price to sale or P/S ratio amounts to 3.02.
A filing at the U.S. Securities and Exchange Commission revealed that VanEck Gold Miners ETF came shrinking its share ownership by 0.28% in the First Majestic Silver Corp. (AG) increasing its stake to 5.16% with control over 37720.0 shares in the company. In the most recent quarter, VanEck Junior Gold Miners ETF came rising its stake by 0.96% in the company and now holds 10.33 million or 3.89% of the company’s stake having worth of about 63.03 million.
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