Does First Majestic Silver Corp. (AG) Have A Cheap Price Or Is It Risky?

The stock of First Majestic Silver Corp. (NYSE:AG) increased by increased by $0.14 on Friday to finish at $13.11, up 1.08 percent. The last five days have seen an average of 4,058,880 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$0.33. The average number of shares traded over the last 20 days was 4,162,085, while the average volume over the last 50 days totaled 4,040,688.

AG stock appreciated 9.80% since last month. On 10/05/21, the company’s shares reached a one-month low of $10.45. The stock touched a high of $24.01 on 02/01/21, after rallying from a low of $9.62 in 52 weeks. The price of AG stock has declined by -2.46% or -$0.33 this year, reaching a new high 4 times. Still, the stock price is down -45.40% from the 52-week high.


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Valuation Metrics

First Majestic Silver Corp. (AG) has a trailing price-to-earnings (P/E) ratio of 50.23. This level actually compares unfavorably with the industry at large, as the PE for the Silver industry stands at about 26.83. Further, its PE also compares unfavorably with the Basic Materials sector’s trailing 12 months PE ratio, which comes in at 13.81 right now. The PE ratio of First Majestic Silver Corp. has varied between 260.33 and 29.30 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.63, the price-to-book (PB) ratio of 3.40.

First Majestic Silver Corp.’s dividend is $0.02 per share per year. On Sep. 16, the company paid $0.0060 per share in dividends, an increase of 33.33% from $0.0045 last year. A $0.0015 dividend increase was reported on Wednesday August 18 2021, making it the 1 consecutive year the dividend has increased.

Based on annual data, it had gross profit of $159.46 million and revenue of $363.88 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROE has averaged -13.62 in the past year for the broader industry.

Earnings Surprise

According to First Majestic Silver Corp.’s quarterly financial report for the quarter that ended December 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $363.94 million, while revenues rose by 100.0% to $0.0. It was predicted that First Majestic Silver Corp.’s quarterly earnings would be -$0.04, but it ended up being -$0.02. EBITDA was $45.63 million for the quarter. At the end of First Majestic Silver Corp.’s most recent quarter ended December 30, its liabilities totaled 632.69 million, while its total debt was $192.6 million.

Technical Picture

Here’s a quick look at First Majestic Silver Corp.’s (AG) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 71.60%, suggesting the stock is Overbought, with a 36.81% historical volatility rate.

The stochastic %K and %D were 89.50% and 88.38% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 79.64%, the RSI (14) reading is 64.11%. On the 9-day MACD Oscillator, the stock is at 0.52, and the 14-day reading is at 1.00.

Analyst Ratings

In its most recent analyst report, TD Securities raised its rating on First Majestic Silver Corp. (NYSE: AG) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned First Majestic Silver Corp. (AG) an Hold rating. AG is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.

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

The current consensus forecast for the stock is between $10.72 and $25.00, with a median target price of $15.11. In analyzing these forecasts, the average price target given by analysts for First Majestic Silver Corp. (AG) is $15.86.

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