As of Friday close, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.03, moving down -0.58 percent to $5.11. The average number of shares traded per day over the past five days has been 5,126,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 4,109,925, while in the previous 50 days, it was 4,467,920.
Since last month, AG stock retreated -15.68%. Shares of the company fell to $5.10 on 09/22/23, 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 $5.12. Since the beginning of this year, AG’s stock price has dropped by -38.73% or -$3.23, and marked a new high 5 times. However, the stock has declined by -47.91% 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 38.68%, the RSI 9-day stood at 26.08% on 22 September.
With respect to its five-day moving average, the current First Majestic Silver Corp. price is down by -11.90% percent or -$0.69. At present, AG shares trade -14.69% below its 20-day simple moving average and -26.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.65% below its SMA50 and -43.22% below its SMA200.
Stochastic coefficient K was 1.31% and Stochastic coefficient D was 8.39%, while ATR was 0.21. Given the Stochastic reading of 1.15% for the 14-day period, the RSI (14) reading has been calculated as 31.44%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.32.
Analyst Ratings
First Majestic Silver Corp. (AG) has been rated Hold by analysts. According to 0 brokerage firms, AG is a sell, and 4 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 $7.88, the current consensus forecast for the stock is $6.10 – $12.00. Based on these forecasts, analysts predict First Majestic Silver Corp. (AG) will achieve an average price target of $8.52.
