First Majestic Silver Corporation (NYSE:AG) finished Friday with an addition of $0.06 to close at $5.13, an upside of 1.18 percent. An average of 5,244,380 shares of common stock have been traded in the last five days. There was a gain of $0.02 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 4,555,705 shares traded, while the 50-day average volume stands at 4,398,740.
AG stock has decreased by -17.79% in the last month. The company shares reached their 1-month lowest point of $4.81 on 09/27/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $4.81 and a high of $9.81 in 52 weeks. It has reached a new high 5 times so far this year and lost -38.49% or -$3.21 in price. In spite of this, the price is down -47.71% from the 52-week high.
Valuation Metrics
First Majestic Silver Corporation (AG) stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.41, the price-to-book (PB) ratio at 1.07.
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
The quick ratio of First Majestic Silver Corporation for the three months ended June 29 was 2.43, and the current ratio was 2.89, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.19 for the quarter ending June 29. 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 Corporation 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 Corporation’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 Corporation (AG) price momentum. RSI 9-day as of the close on 29 September was 39.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.54%.
As of today, AG’s price is $5.00 +0.39% or $0.02 from its 5-day moving average. AG is currently trading -16.31% lower than its 20-day SMA and -25.11% lower than its 100-day SMA. However, the stock’s current price level is -24.67% below the SMA50 and -42.10% below the SMA200.
The stochastic %K and %D were 21.30% and 13.65%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 29.63% and the average true range at 0.21, the RSI (14) stands at 38.48%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.
Analyst Ratings
The consensus rating for First Majestic Silver Corporation (AG) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AG, while 4 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 $6.12 and $12.00, with a median target of $7.88. Taking a look at these predictions, the average price target given by analysts for First Majestic Silver Corporation (AG) stock is $8.53.
