First Majestic Silver Corporation [NYSE: AG] loss -4.30% or 23849991.62 points to close at $23850000.0 with a heavy trading volume of 26036083 shares.
It opened the trading session at $8.0, the shares rose to $8.135 and dropped to $7.925, the range by which the price of stock traded the whole day. The daily chart for AG points out that the company has recorded 45.55% gains over the past six months.
If we look at the average trading volume of 23.85M shares, AG reached to a volume of 26036083 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 Corporation [AG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AG shares is $8.61 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 2.33. 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 Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 0.86. Price to Free Cash Flow for AG in the course of the last twelve months was 157.54 with Quick ratio for the last quarter at 2.74.
Trading performance analysis for AG stock
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 -0.99. With this latest performance, AG shares gained by 26.70% in over the last four-week period, additionally plugging by 45.55% over the last 6 months – not to mention a rise of 46.08% in the past year of trading.
First Majestic Silver Corporation [AG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and First Majestic Silver Corporation [AG] shares currently have an operating margin of 9.48% and a Gross Margin at 20.70%. First Majestic Silver Corporation’s Net Margin is presently recorded at -12.32%.
Return on Equity for this stock declined to -2.87%, with Return on Assets sitting at -2.87%.
An analysis of Institutional ownership at First Majestic Silver Corporation [AG]
There are presently around $53.36%, or 53.88% 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 9.6389%. 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 2.6906%.
