Monday, March 1, 2021

First Majestic Silver Corp. [AG] moved down -0.17: Why It’s Important

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First Majestic Silver Corp. [NYSE: AG] stock went on a downward path that fall over -0.17% on Friday, amounting to a one-week price increase of more than 3.13%. The company report on February 19, 2021 that First Majestic Announces Financial Results for Q4 2020, FY2020 and Appointment of New Director.

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FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the consolidated financial results for the Company’s fourth quarter and year ended December 31, 2020. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s website at www.firstmajestic.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.


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2020 HIGHLIGHTS.

Over the last 12 months, AG stock rose by 79.94%. The one-year First Majestic Silver Corp. stock forecast points to a potential downside of -83.33. The average equity rating for AG stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $3.87 billion, with 221.24 million shares outstanding and 210.01 million shares in the current float. Compared to the average trading volume of 9.90M shares, AG stock reached a trading volume of 5616225 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 1.25, with the Price to Sales ratio for AG stock in the period of the last 12 months amounting to 10.63. The Price to Book ratio for the last quarter was 4.80.

AG Stock Performance Analysis:

First Majestic Silver Corp. [AG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.13. With this latest performance, AG shares gained by 25.83% in over the last four-week period, additionally plugging by 52.35% over the last 6 months – not to mention a rise of 79.94% 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 58.99, with the RSI for the last a single of trading hit 58.80, and the three-weeks RSI is set at 59.08 for First Majestic Silver Corp. [AG]. The present Moving Average for the last 50 days of trading for this stock 14.26, while it was recorded at 17.47 for the last single week of trading, and 11.56 for the last 200 days.

Insight into First Majestic Silver Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and First Majestic Silver Corp. [AG] shares currently have an operating margin of +15.97 and a Gross Margin at +30.48. First Majestic Silver Corp.’s Net Margin is presently recorded at +6.34.

Return on Total Capital for AG is now 6.51, given the latest momentum, and Return on Invested Capital for the company is 2.62. Return on Equity for this stock inclined to 3.19, with Return on Assets sitting at 2.13. 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 20.38. Additionally, AG Total Debt to Total Capital is recorded at 16.93, with Total Debt to Total Assets ending up at 14.00. Long-Term Debt to Equity for the company is recorded at 18.46, with the Long-Term Debt to Total Capital now at 15.33.

Receivables Turnover for the company is 9.52 with a Total Asset Turnover recorded at a value of 0.34.

AG Stock EPS

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%.

First Majestic Silver Corp. [AG] Insider Position Details

There are presently around $1,397 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 23,748,313, which is approximately 9.357% of the company’s market cap and around 11.08% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 7,960,927 shares of the stock with an approximate value of $139.24 million in AG stocks shares; and VANGUARD GROUP INC, currently with $96.23 million in AG stock with ownership of nearly 2.004% 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 February and at the time of the February reporting period, where 104 institutional holders increased their position in First Majestic Silver Corp. [NYSE:AG] by around 18,476,367 shares. Additionally, 52 investors decreased positions by around 2,599,651 shares, while 32 investors held positions by with 58,770,746 shares. The mentioned changes placed institutional holdings at 79,846,764 shares, according to the latest SEC report filing. AG stock had 39 new institutional investments in for a total of 7,178,923 shares, while 18 institutional investors sold positions of 631,140 shares during the same period.

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