As of Thursday close, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.11, moving down -1.76 percent to $6.13. The average number of shares traded per day over the past five days has been 3,461,360 shares. 4 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 4,051,020, while in the previous 50 days, it was 4,389,528.
Since last month, AG stock retreated -0.33%. Shares of the company fell to $5.76 on 08/18/23, 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 -26.50% or -$2.21, and marked a new high 5 times. However, the stock has declined by -37.51% 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 28.04%, the RSI 9-day stood at 51.91% on 31 August.
With respect to its five-day moving average, the current First Majestic Silver Corp. price is up by +2.34% percent or $0.14. At present, AG shares trade +3.37% above its 20-day simple moving average and -19.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately +14.58% above its SMA50 and -35.34% below its SMA200.
Stochastic coefficient K was 73.05% and Stochastic coefficient D was 69.01%, while ATR was 0.22. Given the Stochastic reading of 58.14% for the 14-day period, the RSI (14) reading has been calculated as 50.81%. As of today, the MACD Oscillator reading stands at 0.15, while the 14-day reading stands at 0.21.
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.
