What You Need To Know About First Majestic Silver Corp. (AG)

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SNOW Stock
SNOW Stock

First Majestic Silver Corp. (NYSE:AG) finished Thursday with a subtraction of -$0.27 to close at $7.34, a downside of -3.55 percent. An average of 7,680,520 shares of common stock have been traded in the last five days. There was a fall of -$0.37 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 6,086,735 shares traded, while the 50-day average volume stands at 5,984,092.

AG stock has decreased by -4.55% in the last month. The company shares reached their 1-month lowest point of $6.94 on 09/01/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $6.31 and a high of $14.67 in 52 weeks. It has reached a new high 12 times so far this year and lost -33.93% or -$3.77 in price. In spite of this, the price is down -49.97% 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 3670.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.99, the price-to-book (PB) ratio at 1.41.

The company’s most recent quarterly dividend payment was $0.0061 a share, representing a up of 1.67% from $0.0060 last year. Its latest increase dividend $0.0001 reported on Friday August 5 2022.

Financial Health

Its gross profit as reported stood at $218.03 million compared to revenue of $584.12 million.

Earnings Surprise

For the three-month period that ended March 30, First Majestic Silver Corp. had $4.68 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$40.47 million in the quarter, while revenues were shrunk -404.47%. The analyst consensus anticipated First Majestic Silver Corp.’s latest quarter earnings to come in at $0.08 per share, but it turned out to be -$0.02, a -125.00% surprise. For the quarter, EBITDA amounted to $38.04 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at First Majestic Silver Corp. (AG) price momentum. RSI 9-day as of the close on 22 September was 40.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.94%.

As of today, AG’s price is $7.61 -4.80% or -$0.37 from its 5-day moving average. AG is currently trading -8.14% lower than its 20-day SMA and -28.74% lower than its 100-day SMA. However, the stock’s current price level is +2.51% above the SMA50 and -33.33% below the SMA200.

The stochastic %K and %D were 30.54% and 38.92%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 18.13% and the average true range at 0.43, the RSI (14) stands at 44.26%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.21.

Analyst Ratings

TD Securities upgraded First Majestic Silver Corp. (NYSE: AG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

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

Analysts predict a range of price targets between $7.72 and $12.00, with a median target of $9.90. Taking a look at these predictions, the average price target given by analysts for First Majestic Silver Corp. (AG) stock is $9.91.

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