At the last check on Thursday, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.01, moving down -0.09 percent to $5.78. The average number of shares traded per day over the past five days has been 4,297,379 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 4,499,375, while in the previous 50 days, it was 4,423,950.
Since last month, AG stock retreated -17.24%. Shares of the company fell to $5.77 on 08/17/23, the lowest level in the past month. A 52-week high of $9.81 was reached on 01/12/23 after having rallying from a 52-week low of $5.24. Since the beginning of this year, AG’s stock price has dropped by -30.64% or -$2.56, and marked a new high 5 times. However, the stock has declined by -41.03% since its 52-week high.
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Valuation Metrics
The latest dividend of $0.0050 per share was paid out, which is -16.67% less than last year’s $0.0060. On Thursday August 3 2023, a $0.0010 dividend decrease was announced.
Financial Health
Based on annual data, AG earned $152.53 million in gross profit and brought in $624.22 million in revenue.
In First Majestic Silver Corp.’s quarter-end financial report for June 29, it reported total debt of $4.68 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AG’s revenue rose 100.0% during the quarter, while net income inched up to $363.94 million. While analysts expected First Majestic Silver Corp. to report -$0.03 quarterly earnings, the actual figure was -$0.02 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $14.13 million in EBITDA. The liabilities of First Majestic Silver Corp. were 637.68 million at the end of its most recent quarter ended June 29, and its total debt was $254.81 million.
Technical Picture
This quick technical analysis looks at First Majestic Silver Corp.’s (AG) price momentum. With a historical volatility rate of 41.71%, the RSI 9-day stood at 37.07% on 16 August.
With respect to its five-day moving average, the current First Majestic Silver Corp. price is down by -5.01% percent or -$0.31. At present, AG shares trade -15.05% below its 20-day simple moving average and -11.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.28% below its SMA50 and -31.13% below its SMA200.
Stochastic coefficient K was 4.92% and Stochastic coefficient D was 18.99%, while ATR was 0.24. Given the Stochastic reading of 1.43% for the 14-day period, the RSI (14) reading has been calculated as 41.28%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.27.
Analyst Ratings
TD Securities upgraded its rating on First Majestic Silver Corp. (NYSE: AG) to a Buy in a note to investors on December 07, 2021. The analysts firm previously had a Hold rating on the stock.First Majestic Silver Corp. (AG) has been rated Overweight by analysts. According to 0 brokerage firms, AG is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate First Majestic Silver Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $8.35, the current consensus forecast for the stock is $7.00 – $12.00. Based on these forecasts, analysts predict First Majestic Silver Corp. (AG) will achieve an average price target of $9.02.
