Is First Majestic Silver Corp. (AG) A Solid Choice On The Value Front?

The stock of First Majestic Silver Corp. (NYSE:AG) decreased by -$0.08 on Friday to finish at $8.77, down -0.90 percent. The last five days have seen an average of 5,427,660 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $0.43. The average number of shares traded over the last 20 days was 5,458,420, while the average volume over the last 50 days totaled 6,252,386.

AG stock dropped -2.77% since last month. On 12/19/22, the company’s shares reached a one-month low of $8.21. The stock touched a high of $14.59 on 01/12/23, after rallying from a low of $6.31 in 52 weeks. The price of AG stock has risen by 5.16% or $0.43 this year, reaching a new high 5 times. Still, the stock price is down -39.89% from the 52-week high.

Valuation Metrics

First Majestic Silver Corp. (AG) has a trailing price-to-earnings (P/E) ratio of 4385.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.51, the price-to-book (PB) ratio of 1.72.

Company paid $0.0061 per share in dividends, remained unchanged from $0.0061 last year. A $0.0001 dividend increase was reported on Friday August 5 2022.

Financial Health

Based on annual data, it had gross profit of $218.03 million and revenue of $584.12 million.

Earnings Surprise

According to First Majestic Silver Corp.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $363.94 million, while revenues rose by 100.0% to $0.0. It was predicted that First Majestic Silver Corp.’s quarterly earnings would be -$0.09, but it ended up being -$0.03. EBITDA was $20.85 million for the quarter. At the end of First Majestic Silver Corp.’s most recent quarter ended September 29, its liabilities totaled 708.53 million, while its total debt was $257.2 million.

Technical Picture

Here’s a quick look at First Majestic Silver Corp.’s (AG) price momentum from a technical perspective. As of 13 January, the RSI 9-day stood at 50.43%, suggesting the stock is Neutral, with a 40.32% historical volatility rate.

The stochastic %K and %D were 67.18% and 69.85% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 64.33%, the RSI (14) reading is 49.94%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.09.

Analyst Ratings

In its most recent analyst report, TD Securities raised its rating on First Majestic Silver Corp. (NYSE: AG) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned First Majestic Silver Corp. (AG) an Hold rating. AG is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.

What is AG’s price target for the next 12 months?

The current consensus forecast for the stock is between $7.84 and $12.50, with a median target price of $9.22. In analyzing these forecasts, the average price target given by analysts for First Majestic Silver Corp. (AG) is $9.63.

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