What First Majestic Silver Corp. (AG) Insiders Are Up To

First Majestic Silver Corp. (NYSE:AG) finished N/A with a subtraction of -$0.46 to close at $7.43, a downside of -5.83 percent. An average of 7,921,160 shares of common stock have been traded in the last five days. There was a fall of -$1.02 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 8,521,745 shares traded, while the 50-day average volume stands at 6,817,532.

AG stock has decreased by -1.72% in the last month. The company shares reached their 1-month lowest point of $6.44 on 09/26/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $6.31 and a high of $14.67 in 52 weeks. It has reached a new high 12 times so far this year and lost -33.12% or -$3.68 in price. In spite of this, the price is down -49.35% from the 52-week high.

Valuation Metrics

First Majestic Silver Corp. (AG) has a trailing price-to-earnings (P/E) ratio of 3715.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.02, the price-to-book (PB) ratio at 1.43.

The company’s most recent quarterly dividend payment was $0.0061 a share, representing a up of 1.67% from $0.0060 last year. Its latest increase dividend $0.0001 reported on Friday August 5 2022.

Financial Health

Its gross profit as reported stood at $218.03 million compared to revenue of $584.12 million.

Earnings Surprise

For the three-month period that ended March 30, First Majestic Silver Corp. had $4.68 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$40.47 million in the quarter, while revenues were shrunk -404.47%. The analyst consensus anticipated First Majestic Silver Corp.’s latest quarter earnings to come in at $0.08 per share, but it turned out to be -$0.02, a -125.00% surprise. For the quarter, EBITDA amounted to $38.04 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at First Majestic Silver Corp. (AG) price momentum. RSI 9-day as of the close on A N/A was 39.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 64.46%.

As of today, AG’s price is $7.78 -12.07% or -$1.02 from its 5-day moving average. AG is currently trading -2.37% lower than its 20-day SMA and -10.59% lower than its 100-day SMA. However, the stock’s current price level is -10.37% below the SMA50 and -31.96% below the SMA200.

The stochastic %K and %D were 35.36% and 44.09%, respectively, and the average true range (ATR) was 0.53. With the 14-day stochastic at 14.02% and the average true range at 0.51, the RSI (14) stands at 44.26%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.46.

Analyst Ratings

TD Securities upgraded First Majestic Silver Corp. (NYSE: AG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for First Majestic Silver Corp. (AG) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AG, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $7.09 and $12.50, with a median target of $9.59. Taking a look at these predictions, the average price target given by analysts for First Majestic Silver Corp. (AG) stock is $9.79.

nyse
silver