First Majestic Silver Corp. (AG): What is the Risk Factor?

First Majestic Silver Corp. (NYSE:AG) saw a downside of -1.06% to close Monday at $11.22 after subtracting -$0.12 on the day. The 5-day average trading volume is 3,719,560 shares of the company’s common stock. It has gained $11.77 in the past week. An average of 4,218,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,834,696.

AG’s 1-month performance is -8.11% or -$0.99 on its low of $10.45 reached on 10/05/21. The company’s shares have touched a 52-week low of $9.62 and high of $24.01, with the stock’s rally to the 52-week high happening on 02/01/21. YTD, AG has lost -16.52% or -$2.22. However, the current price is down -53.27%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 260.33 and a low of 29.30. AG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.67 while the price-to-book (PB) in the most recent quarter is 2.91.

First Majestic Silver Corp. pays an annual dividend of $0.02 per share. Its dividend yield is 0.18%. AG’s most recent quarterly dividend payment was made on Sep. 16, when it paid $0.0060 a share compared with prior rate of $0.0045, up 25.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0015 reported on Wednesday August 18 2021.

It is projected that First Majestic Silver Corp.’s next ex-dividend date will be on Corp. AG is expected to distribute $24-Nov as its next dividend.

The trailing 12-month EBITDA margin is 32.09%. The firm’s gross profit as reported stood at $159.46 million against revenue of $363.88 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AG to announce $0.08 per share in earnings in its latest quarter, but it posted $0.05, representing a -37.50% surprise. EBITDA for the quarter stood at more than $45.63 million. AG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 632.69 million, with total debt at $192.6 million

Technical Picture

Let’s look briefly at First Majestic Silver Corp. (AG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 41.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.46%.

The stock’s 5-day moving average is $11.11, reflecting a +2.56% or $0.28 change from its current price. AG is currently trading -11.65% above its 20-day SMA, -34.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -18.16% and -11.44% respectively.

Stochastic %K and %D was 34.06% and 29.60% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 40.56%, while the 14-day stochastic is at 33.62% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at 0.10 and -0.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for First Majestic Silver Corp. (NYSE: AG), TD Securities upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for AG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.

What is AG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.65 and a high of $25.00, with their median price target at $14.97. Looking at these predictions, the average price target given by analysts is for First Majestic Silver Corp. (AG) stock is $16.13.


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