Analyzing First Majestic Silver Corp. (AG) By Technical Indicators

As of Wednesday close, First Majestic Silver Corp.’s (NYSE:AG) stock was up $0.09, moving up 1.19 percent to $7.65. The average number of shares traded per day over the past five days has been 6,137,640 shares. 3 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 9,072,530, while in the previous 50 days, it was 7,702,340.

Since last month, AG stock rose 12.67%. Shares of the company fell to $5.53 on 03/21/23, 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 $5.53. Since the beginning of this year, AG’s stock price has dropped by -8.27% or -$0.69, and marked a new high 5 times. However, the stock has declined by -47.57% since its 52-week high.

Valuation Metrics

The latest dividend of $0.0050 per share was paid out, which is -18.03% less than last year’s $0.0061. On Thursday February 23 2023, a $0.0011 dividend decrease was announced.

Financial Health

Based on annual data, AG earned $152.53 million in gross profit and brought in $624.22 million in revenue.

In First Majestic Silver Corp.’s quarter-end financial report for September 29, it reported total debt of $4.68 million. According to the earnings report, the company had a lower 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 -$0.03 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated $10.87 million in EBITDA. The liabilities of First Majestic Silver Corp. were 698.71 million at the end of its most recent quarter ended September 29, and its total debt was $247.94 million.

Technical Picture

This quick technical analysis looks at First Majestic Silver Corp.’s (AG) price momentum. With a historical volatility rate of 31.50%, the RSI 9-day stood at 66.99% on 12 April.

With respect to its five-day moving average, the current First Majestic Silver Corp. price is up by +0.66% percent or $0.05. At present, AG shares trade +9.44% above its 20-day simple moving average and -16.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.92% below its SMA50 and -4.49% below its SMA200.

Stochastic coefficient K was 92.50% and Stochastic coefficient D was 92.43%, while ATR was 0.36. Given the Stochastic reading of 90.16% for the 14-day period, the RSI (14) reading has been calculated as 61.22%. As of today, the MACD Oscillator reading stands at 0.15, while the 14-day reading stands at 0.41.

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 Overweight by analysts. According to 0 brokerage firms, AG is a sell, and 3 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 $9.00, the current consensus forecast for the stock is $6.65 – $10.50. Based on these forecasts, analysts predict First Majestic Silver Corp. (AG) will achieve an average price target of $8.71.

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