Last Week, First Majestic Silver Corp. (AG) Recorded A Gain Of $50.68

As of Thursday close, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.1, moving down -1.23 percent to $8.03. The average number of shares traded per day over the past five days has been 6,302,820 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.16 fall in that time frame. In the last twenty days, the average volume was 6,235,705, while in the previous 50 days, it was 5,888,362.

Since last month, AG stock retreated -4.52%. Shares of the company fell to $7.68 on 01/23/23, the lowest level in the past month. A 52-week high of $14.59 was reached on 01/12/23 after having rallying from a 52-week low of $6.31. Since the beginning of this year, AG’s stock price has dropped by -3.72% or -$0.31, and marked a new high 5 times. However, the stock has declined by -44.96% since its 52-week high.

Valuation Metrics

Right now, First Majestic Silver Corp. (AG) has a P/E ratio of about 4015.00. Besides these, the trailing price-to-sales (P/S) ratio of 3.21, the price-to-book (PB) ratio of 1.57.

The latest dividend of $0.0061 per share was paid out, remained unchanged from last year’s $0.0061. On Friday August 5 2022, a $0.0001 dividend increase was announced.

Financial Health

Based on annual data, AG earned $218.03 million in gross profit and brought in $584.12 million in revenue.

In First Majestic Silver Corp.’s quarter-end financial report for June 29, it reported total debt of $4.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AG’s revenue rose 100.0% during the quarter, while net income inched up to $363.94 million. While analysts expected First Majestic Silver Corp. to report $0.02 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated $20.85 million in EBITDA. The liabilities of First Majestic Silver Corp. were 708.53 million at the end of its most recent quarter ended June 29, and its total debt was $225.87 million.

Technical Picture

This quick technical analysis looks at First Majestic Silver Corp.’s (AG) price momentum. With a historical volatility rate of 35.40%, the RSI 9-day stood at 42.46% on 02 February.

With respect to its five-day moving average, the current First Majestic Silver Corp. price is down by -1.95% percent or -$0.16. At present, AG shares trade -9.67% below its 20-day simple moving average and -0.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.56% below its SMA50 and -42.19% below its SMA200.

Stochastic coefficient K was 24.41% and Stochastic coefficient D was 20.29%, while ATR was 0.36. Given the Stochastic reading of 26.44% for the 14-day period, the RSI (14) reading has been calculated as 42.80%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.15.

Analyst Ratings

TD Securities upgraded its rating on First Majestic Silver Corp. (NYSE: AG) to a Buy in a note to investors on December 07, 2021. The analysts firm previously had a Hold rating on the stock.First Majestic Silver Corp. (AG) has been rated Hold by analysts. According to 0 brokerage firms, AG is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate First Majestic Silver Corp. stock as buy, with 1 recommending it as overweight.

With a median target price of $9.25, the current consensus forecast for the stock is $6.75 – $12.00. Based on these forecasts, analysts predict First Majestic Silver Corp. (AG) will achieve an average price target of $9.44.

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