First Majestic Silver Corp. (NYSE:AG) finished Wednesday with a subtraction of $0.0 to close at $6.00, a downside of 0.00 percent. An average of 4,617,680 shares of common stock have been traded in the last five days. There was a fall of -$0.15 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 5,034,505 shares traded, while the 50-day average volume stands at 4,382,710.
AG stock has increased by 3.09% in the last month. The company shares reached their 1-month lowest point of $5.53 on 07/10/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $5.24 and a high of $9.81 in 52 weeks. It has reached a new high 5 times so far this year and lost -28.06% or -$2.34 in price. In spite of this, the price is down -38.84% from the 52-week high.
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Valuation Metrics
First Majestic Silver Corp. (AG) stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.64, the price-to-book (PB) ratio at 1.24.
The company’s most recent quarterly dividend payment was $0.0050 a share, representing a down of -16.67% from $0.0060 last year. Its latest decrease dividend $0.0010 reported on Thursday August 3 2023.
Financial Health
First Majestic Silver Corp.’s EBITDA margin for the year ending June 29 is 14.72%. Its gross profit as reported stood at $152.53 million compared to revenue of $624.22 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 down 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 -$0.03 per share, but it turned out to be -$0.02, a 33.30% surprise. For the quarter, EBITDA amounted to $14.13 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 09 August was 40.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.85%.
As of today, AG’s price is $5.99 -2.44% or -$0.15 from its 5-day moving average. AG is currently trading -5.36% lower than its 20-day SMA and -13.29% lower than its 100-day SMA. However, the stock’s current price level is +4.35% above the SMA50 and -23.47% below the SMA200.
The stochastic %K and %D were 15.70% and 13.16%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 21.20% and the average true range at 0.25, the RSI (14) stands at 44.64%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -0.36.
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 Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AG, while 3 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 $7.00 and $12.00, with a median target of $8.35. Taking a look at these predictions, the average price target given by analysts for First Majestic Silver Corp. (AG) stock is $9.02.
