The stock of First Majestic Silver Corp. (NYSE:AG) increased by $0.23 on Monday to finish at $6.16, up 3.88 percent. The last five days have seen an average of 3,999,940 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$2.18. The average number of shares traded over the last 20 days was 4,347,740, while the average volume over the last 50 days totaled 4,472,218.
AG stock dropped -3.30% since last month. On 08/18/23, the company’s shares reached a one-month low of $5.76. The stock touched a high of $9.81 on 01/12/23, after rallying from a low of $5.24 in 52 weeks. The price of AG stock has declined by -26.14% or -$2.18 this year, reaching a new high 5 times. Still, the stock price is down -37.21% from the 52-week high.
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Valuation Metrics
Company paid $0.0050 per share in dividends, a decrease of -16.67% from $0.0060 last year. A $0.0010 dividend decrease was reported on Thursday August 3 2023.
Financial Health
Based on annual data, it had gross profit of $152.53 million and revenue of $624.22 million.
Earnings Surprise
According to First Majestic Silver Corp.’s quarterly financial report for the quarter that ended June 29. A lower 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 -$0.02, but it ended up being -$0.03, beating the consensus by 33.30%. EBITDA was $14.13 million for the quarter. At the end of First Majestic Silver Corp.’s most recent quarter ended June 29, its liabilities totaled 637.68 million, while its total debt was $254.81 million.
Technical Picture
Here’s a quick look at First Majestic Silver Corp.’s (AG) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 55.97%, suggesting the stock is Neutral, with a 25.71% historical volatility rate.
The stochastic %K and %D were 42.78% and 39.46% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 63.78%, the RSI (14) reading is 52.51%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.03.
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 Overweight rating. AG is a stock that is recommended for selling by 0 brokerage firms, while 3 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 $7.00 and $12.00, with a median target price of $8.35. In analyzing these forecasts, the average price target given by analysts for First Majestic Silver Corp. (AG) is $9.02.
