What Are The Risk Factors For First Majestic Silver Corp. (AG)?

As of Thursday close, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.22, moving down -2.47 percent to $8.67. The average number of shares traded per day over the past five days has been 5,631,600 shares. 3 times new highs have been achieved over the past 5 days, with a $0.15 gain in that time frame. In the last twenty days, the average volume was 5,748,440, while in the previous 50 days, it was 6,329,026.

Since last month, AG stock retreated -3.67%. Shares of the company fell to $8.21 on 12/19/22, the lowest level in the past month. A 52-week high of $14.59 was reached on 01/04/23 after having rallying from a 52-week low of $6.31. Since the beginning of this year, AG’s stock price has risen by 3.96% or $0.33, and marked a new high 2 times. However, the stock has declined by -40.58% since its 52-week high.

Valuation Metrics

Right now, First Majestic Silver Corp. (AG) has a P/E ratio of about 4335.00. Besides these, the trailing price-to-sales (P/S) ratio of 3.38, the price-to-book (PB) ratio of 1.70.

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 40.59%, the RSI 9-day stood at 49.37% on 05 January.

With respect to its five-day moving average, the current First Majestic Silver Corp. price is up by +1.76% percent or $0.15. At present, AG shares trade -2.36% below its 20-day simple moving average and +3.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.21% above its SMA50 and -38.16% below its SMA200.

Stochastic coefficient K was 49.14% and Stochastic coefficient D was 32.14%, while ATR was 0.42. Given the Stochastic reading of 54.76% for the 14-day period, the RSI (14) reading has been calculated as 48.66%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.07.

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 $9.22, the current consensus forecast for the stock is $7.67 – $12.50. Based on these forecasts, analysts predict First Majestic Silver Corp. (AG) will achieve an average price target of $9.60.

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