What The Financials Tell Us About First Majestic Silver Corp. (AG)

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First Majestic Silver Corp. (NYSE:AG) finished Thursday with a subtraction of -$0.08 to close at $8.44, a downside of -0.94 percent. An average of 4,618,040 shares of common stock have been traded in the last five days. There was a fall of -$0.25 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 5,772,260 shares traded, while the 50-day average volume stands at 6,499,246.

AG stock has decreased by -6.64% in the last month. The company shares reached their 1-month lowest point of $8.21 on 12/19/22. 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 $14.59 in 52 weeks. It has reached a new high 12 times so far this year and lost -24.03% or -$2.67 in price. In spite of this, the price is down -42.15% 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 4220.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.29, the price-to-book (PB) ratio at 1.65.

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 June 29, 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 $0.02 per share, but it turned out to be -$0.02, a -200.00% surprise. For the quarter, EBITDA amounted to $20.85 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 29 December was 39.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.73%.

As of today, AG’s price is $8.64 -2.88% or -$0.25 from its 5-day moving average. AG is currently trading -9.15% lower than its 20-day SMA and +0.24% higher than its 100-day SMA. However, the stock’s current price level is +6.97% above the SMA50 and -36.54% below the SMA200.

The stochastic %K and %D were 30.56% and 35.63%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 19.17% and the average true range at 0.42, the RSI (14) stands at 43.38%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.

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. The consensus rating for First Majestic Silver Corp. (AG) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AG, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $7.67 and $12.50, with a median target of $9.22. Taking a look at these predictions, the average price target given by analysts for First Majestic Silver Corp. (AG) stock is $9.60.

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