First Majestic Silver Corporation [NYSE: AG] stock went on a downward path that fall over -2.51% on Monday, amounting to a one-week price decrease of less than -8.62%.
Over the last 12 months, AG stock rose by 57.30%. The one-year First Majestic Silver Corporation stock forecast points to a potential upside of 5.53. The average equity rating for AG stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.87 billion, with 301.62 million shares outstanding and 296.63 million shares in the current float. Compared to the average trading volume of 9.55M shares, AG stock reached a trading volume of 7033934 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $7.41 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 0.36, with the Price to Sales ratio for AG stock in the period of the last 12 months amounting to 5.60. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 0.51.
AG Stock Performance Analysis:
First Majestic Silver Corporation [AG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.62. With this latest performance, AG shares gained by 9.89% in over the last four-week period, additionally sinking by -1.55% over the last 6 months – not to mention a rise of 57.30% 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 50.18, with the RSI for the last a single of trading hit 43.21, and the three-weeks RSI is set at 53.08 for First Majestic Silver Corporation [AG]. The present Moving Average for the last 50 days of trading for this stock 6.34, while it was recorded at 7.44 for the last single week of trading, and 6.09 for the last 200 days.
Insight into First Majestic Silver Corporation 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.
AG Stock EPS
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%.
First Majestic Silver Corporation [AG] Institutonal Ownership Details
There are presently around $38.20%, or 38.77%% 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%.
