First Majestic Silver Corporation (NYSE:AG) saw a downside of -3.96% to close Tuesday at $4.85 after subtracting -$0.2 on the day. The 5-day average trading volume is 5,203,420 shares of the company’s common stock. It has gained $5.45 in the past week and touched a new high 1 time within the past 5 days. An average of 4,319,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,444,520.
AG’s 1-month performance is -18.21% or -$1.08 on its low of $4.85 reached on 09/26/23. The company’s shares have touched a 52-week low of $4.99 and high of $9.81, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, AG has lost -41.85% or -$3.49 and has reached a new high 5 times. However, the current price is down -50.56% from the 52-week high price.
Valuation Metrics
AG stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.28 while the price-to-book (PB) in the most recent quarter is 1.01.
First Majestic Silver Corporation’s quick ratio for the period ended June 30 was 2.43, with the current ratio over the same period at 2.89. As well, the company’s long term debt to equity for the quarter ending June 30 was 0.17, while the total debt to equity was 0.19.. In terms of profitability, the gross margin trailing 12 months is -3.98%. The trailing 12-month EBITDA margin is 14.72% while for the period ending June 30, First Majestic Silver Corporation’s operating margin was -14.30%. The firm’s gross profit as reported stood at $152.53 million against revenue of $624.22 million.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -404.47% to -$40.47 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected AG to announce -$0.03 per share in earnings in its latest quarter, but it posted -$0.02, representing a 33.30% surprise. EBITDA for the quarter stood at more than $14.13 million. AG stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 637.68 million, with total debt at $254.81 million.
Let’s look briefly at First Majestic Silver Corporation (AG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 19.96% to suggest the stock is trending oversold, with historical volatility in this time period at 39.08%.
The stock’s 5-day moving average is $5.09, reflecting a -9.18% or -$0.49 change from its current price. AG is currently trading -21.27% above its 20-day SMA, -29.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.96% and SMA200 by-47.74%.
Stochastic %K and %D was 3.19% and 2.56% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 26.69%, while the 14-day stochastic is at 0.00% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.31 and -0.39 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for AG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is AG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.10 and a high of $12.00, with their median price target at $7.88. Looking at these predictions, the average price target given by analysts is for First Majestic Silver Corporation (AG) stock is $8.52.
