First Majestic Silver Corporation [NYSE: AG] traded at a low on Friday, posting a -1.92 loss after which it closed the day’ session at $7.67.
The results of the trading session contributed to over 9333043 shares changing hands. Over the past one week, the price volatility of First Majestic Silver Corporation stands at 4.38% while the volatility over the past one month is 4.74%.
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The market cap for AG stock reached $2.31 billion, with 301.62 million shares outstanding and 296.64 million shares in the current float. Compared to the average trading volume of 9.26M shares, AG reached a trading volume of 9333043 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about First Majestic Silver Corporation [AG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AG shares is $7.42 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 2.20. 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.
BMO Capital Markets have made an estimate for First Majestic Silver Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 14, 2023. The new note on the price target was released on December 07, 2021, representing the official price target for First Majestic Silver Corporation stock.
The Average True Range (ATR) for First Majestic Silver Corporation is set at 0.35, with the Price to Sales ratio for AG stock in the period of the last 12 months amounting to 4.52. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 0.70.
How has AG stock performed recently?
First Majestic Silver Corporation [AG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.07. With this latest performance, AG shares gained by 17.28% in over the last four-week period, additionally plugging by 8.95% over the last 6 months – not to mention a rise of 42.83% 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 68.47, with the RSI for the last a single of trading hit 70.21, and the three-weeks RSI is set at 65.91 for First Majestic Silver Corporation [AG]. The present Moving Average for the last 50 days of trading for this stock 6.13, while it was recorded at 7.76 for the last single week of trading, and 6.01 for the last 200 days.
First Majestic Silver Corporation [AG]: Deeper insight into the fundamentals
First Majestic Silver Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.44 and a Current Ratio set at 3.05.
Earnings analysis for First Majestic Silver Corporation [AG]
With the latest financial reports released by the company, First Majestic Silver Corporation posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. 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 Corporation go to 46.80%.
Insider trade positions for First Majestic Silver Corporation [AG]
There are presently around $37.90%, or 38.46%% 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 28.15 million shares, which is approximately 9.8005%. VANGUARD GROUP INC, holding 10.62 million shares of the stock with an approximate value of $$62.9 million in AG stocks shares; and VANGUARD GROUP INC, currently with $$46.51 million in AG stock with ownership which is approximately 2.7357%.
