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Now Is A Good Time To Buy First Majestic Silver Corp. (NYSE: AG)

During the last session, First Majestic Silver Corp. (NYSE:AG)’s traded shares were 3.66 million, with the beta value of the company hitting 1.06. At…

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This article was originally published by The Marketing Sentinal

During the last session, First Majestic Silver Corp. (NYSE:AG)’s traded shares were 3.66 million, with the beta value of the company hitting 1.06. At the end of the trading day, the stock’s price was $5.50, reflecting an intraday loss of -3.00% or -$0.17. The 52-week high for the AG share is $9.81, that puts it down -78.36 from that peak though still a striking 4.73% gain since the share price plummeted to a 52-week low of $5.24. The company’s market capitalization is $1.51B, and the average intraday trading volume over the past 10 days was 3.44 million shares, and the average trade volume was 4.74 million shares over the past three months.

First Majestic Silver Corp. (NYSE:AG) trade information

First Majestic Silver Corp. (AG) registered a -3.00% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.00% in intraday trading to $5.50 this Thursday, 07/06/23, hitting a weekly high. The stock’s 5-day price performance is 2.04%, and it has moved by -6.62% in 30 days. Based on these gigs, the overall price performance for the year is -19.83%. The short interest in First Majestic Silver Corp. (NYSE:AG) is 15.46 million shares and it means that shorts have 4.04 day(s) to cover.

First Majestic Silver Corp. (AG) estimates and forecasts

Statistics show that First Majestic Silver Corp. has outperformed its competitors in share price, compared to the industry in which it operates. First Majestic Silver Corp. (AG) shares have gone down -34.60% during the last six months, with a year-to-date growth rate more than the industry average at 90.48% against 21.40. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 250.00% this quarter and then jump 144.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.80% compared to the previous financial year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -33.08%. While earnings are projected to return 157.10% in 2023, the next five years will return 46.80% per annum.

AG Dividends

First Majestic Silver Corp. is due to release its next quarterly earnings between August 02 and August 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

First Majestic Silver Corp. (NYSE:AG)’s Major holders

First Majestic Silver Corp. insiders own 2.32% of total outstanding shares while institutional holders control 36.52%, with the float percentage being 37.39%. Van Eck Associates Corporation is the largest shareholder of the company, while 313 institutions own stock in it. As of Mar 30, 2023, the company held over 29.51 million shares (or 10.39% of all shares), a total value of $162.31 million in shares.

The next largest institutional holding, with 12.9 million shares, is of ETF Managers Group, LLC’s that is approximately 4.54% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $70.96 million.

Also, the Mutual Funds coming in first place with the largest holdings of First Majestic Silver Corp. (AG) shares are VanEck ETF Trust-VanEck Gold Miners ETF and ETF Managers Tr-ETFMG Prime Junior Silver ETF. Data provided on Mar 30, 2023 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 15.55 million shares. This amounts to just over 5.67 percent of the company’s overall shares, with a $85.52 million market value. The same data shows that the other fund manager holds slightly less at 11.22 million, or about 4.09% of the stock, which is worth about $61.73 million.

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