First Majestic Silver Corp. [AG] fell -14.75% so far this year. What now?

First Majestic Silver Corp. [NYSE: AG] loss -0.84% on the last trading session, reaching $7.11 price per share at the time. The company report on April 20, 2023 at 7:00 AM that First Majestic Produces 7.6 million AgEq Oz in Q1 Consisting of 2.5 million Silver Ounces and 60,594 Gold Ounces; Announces VP Management Changes.

Vancouver, British Columbia–(Newsfile Corp. – April 20, 2023) – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (“First Majestic” or the “Company”) announces that total production from the Company’s four material properties; the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine reached 7.6 million silver equivalent (“AgEq”) ounces in the first quarter of 2023, consisting of 2.5 million silver ounces and 60,594 gold ounces. This represents a 6% increase in total production compared to the first quarter of 2022 and a 1% increase compared to the prior quarter.

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First Majestic Silver Corp. represents 274.49 million in outstanding shares, while the company has a total market value of $1.95 billion with the latest information. AG stock price has been found in the range of $7.05 to $7.19.

If compared to the average trading volume of 7.47M shares, AG reached a trading volume of 5083179 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 $9.86 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 December 07, 2021. The new note on the price target was released on October 20, 2020, representing the official price target for First Majestic Silver Corp. stock.

The Average True Range (ATR) for First Majestic Silver Corp. is set at 0.33, with the Price to Sales ratio for AG stock in the period of the last 12 months amounting to 3.13. The Price to Book ratio for the last quarter was 1.37.

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 -2.34. With this latest performance, AG shares gained by 9.89% in over the last four-week period, additionally sinking by -9.31% over the last 6 months – not to mention a drop of -41.96% 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 48.42, with the RSI for the last a single of trading hit 44.70, and the three-weeks RSI is set at 49.01 for First Majestic Silver Corp. [AG]. The present Moving Average for the last 50 days of trading for this stock 6.90, while it was recorded at 7.17 for the last single week of trading, and 7.83 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 -8.27 and a Gross Margin at +1.45. First Majestic Silver Corp.’s Net Margin is presently recorded at -18.31.

Return on Total Capital for AG is now -3.12, given the latest momentum, and Return on Invested Capital for the company is -6.96. Return on Equity for this stock declined to -8.05, with Return on Assets sitting at -5.37. 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 17.57. Additionally, AG Total Debt to Total Capital is recorded at 14.94, with Total Debt to Total Assets ending up at 11.75. Long-Term Debt to Equity for the company is recorded at 16.55, with the Long-Term Debt to Total Capital now at 14.08.

Receivables Turnover for the company is 13.07 with a Total Asset Turnover recorded at a value of 0.29.

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

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 $617 million, or 36.51% 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 26,311,164, which is approximately 1.274% of the company’s market cap and around 2.32% of the total institutional ownership; ETF MANAGERS GROUP, LLC, holding 12,902,606 shares of the stock with an approximate value of $91.74 million in AG stocks shares; and VANGUARD GROUP INC, currently with $56.35 million in AG stock with ownership of nearly 2.379% of the company’s market capitalization.

Positions in First Majestic Silver Corp. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 109 institutional holders increased their position in First Majestic Silver Corp. [NYSE:AG] by around 22,562,366 shares. Additionally, 83 investors decreased positions by around 7,812,269 shares, while 47 investors held positions by with 56,470,387 shares. The mentioned changes placed institutional holdings at 86,845,022 shares, according to the latest SEC report filing. AG stock had 37 new institutional investments in for a total of 14,421,779 shares, while 27 institutional investors sold positions of 2,821,097 shares during the same period.


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