First Majestic Silver Corp. [AG] fell -5.80% so far this year. What now?

First Majestic Silver Corp. [NYSE: AG] gained 0.88% on the last trading session, reaching $12.66 price per share at the time. The company report on December 7, 2020 that First Majestic Announces Inaugural Dividend Policy.

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FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce that the Company’s Board of Directors has adopted a dividend policy for the Company under which the Company intends to pay quarterly dividends of 1% of the Company’s net revenues commencing after the completion of the first quarter of 2021. In accordance with the rules of the Toronto Stock Exchange the Company will issue a press release at the time each quarterly dividend is declared.

“The announcement of our inaugural dividend policy is a major milestone for the Company and validates the overall strength and sustainability of the business given our robust operations in Mexico,” stated Keith Neumeyer, President and CEO. “This new quarterly dividend also gives shareholders even greater leverage to silver prices as the dividend is tied to the revenues of the Company. I expect we will continue to benefit from improved profitability in the years ahead to be able to build on this initial dividend level.”.

First Majestic Silver Corp. represents 221.24 million in outstanding shares, while the company has a total market value of $2.80 billion with the latest information. AG stock price has been found in the range of $12.21 to $12.69.

If compared to the average trading volume of 5.65M shares, AG reached a trading volume of 7202928 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about First Majestic Silver Corp. [AG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AG shares is $9.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AG stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

TD Securities have made an estimate for First Majestic Silver Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 20, 2020. The new note on the price target was released on July 24, 2020, representing the official price target for First Majestic Silver Corp. stock. Previously, the target price had yet another raise to $6, while B. Riley FBR analysts kept a Neutral rating on AG stock.

The Average True Range (ATR) for First Majestic Silver Corp. is set at 0.61, with the Price to Sales ratio for AG stock in the period of the last 12 months amounting to 8.16. The Price to Book ratio for the last quarter was 3.47.

Trading performance analysis for AG stock

First Majestic Silver Corp. [AG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.22. With this latest performance, AG shares gained by 15.62% in over the last four-week period, additionally plugging by 21.15% over the last 6 months – not to mention a rise of 19.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AG stock in for the last two-week period is set at 50.83, with the RSI for the last a single of trading hit 44.98, and the three-weeks RSI is set at 53.12 for First Majestic Silver Corp. [AG]. The present Moving Average for the last 50 days of trading for this stock 11.62, while it was recorded at 13.30 for the last single week of trading, and 10.45 for the last 200 days.

First Majestic Silver Corp. [AG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and First Majestic Silver Corp. [AG] shares currently have an operating margin of +6.25 and a Gross Margin at +17.53. First Majestic Silver Corp.’s Net Margin is presently recorded at -11.12.

Return on Total Capital for AG is now 2.86, given the latest momentum, and Return on Invested Capital for the company is -5.12. Return on Equity for this stock declined to -6.43, with Return on Assets sitting at -4.13. When it comes to the capital structure of this company, First Majestic Silver Corp. [AG] has a Total Debt to Total Equity ratio set at 26.84. Additionally, AG Total Debt to Total Capital is recorded at 21.16, with Total Debt to Total Assets ending up at 17.29. Long-Term Debt to Equity for the company is recorded at 25.62, with the Long-Term Debt to Total Capital now at 20.20.

Reflecting on the efficiency of the workforce at the company, First Majestic Silver Corp. [AG] managed to generate an average of -$10,709 per employee. Receivables Turnover for the company is 7.18 with a Total Asset Turnover recorded at a value of 0.37.

First Majestic Silver Corp. [AG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, First Majestic Silver Corp. posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Majestic Silver Corp. go to 46.80%.

An analysis of insider ownership at First Majestic Silver Corp. [AG]

There are presently around $864 million, or 34.22% of AG stock, in the hands of institutional investors. The top three institutional holders of AG stocks are: VAN ECK ASSOCIATES CORP with ownership of 21,716,411, which is approximately 8.581% of the company’s market cap and around 11.08% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 5,712,169 shares of the stock with an approximate value of $72.32 million in AG stocks shares; and VANGUARD GROUP INC, currently with $68.29 million in AG stock with ownership of nearly 8.088% of the company’s market capitalization.

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Positions in First Majestic Silver Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 93 institutional holders increased their position in First Majestic Silver Corp. [NYSE:AG] by around 19,235,738 shares. Additionally, 55 investors decreased positions by around 12,446,676 shares, while 25 investors held positions by with 36,564,294 shares. The mentioned changes placed institutional holdings at 68,246,708 shares, according to the latest SEC report filing. AG stock had 31 new institutional investments in for a total of 9,336,823 shares, while 23 institutional investors sold positions of 10,295,673 shares during the same period.

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