The trading price of First Majestic Silver Corporation (NYSE:AG) closed lower on Monday, April 22, closing at $6.55, -2.67% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $8.44 and a 52-week low of $4.17. Over the past month, the stock has gained 20.63% in value.
First Majestic Silver Corporation, whose market valuation is $1.88 billion at the time of this writing. The dividend yield on the company stock is 0.31%, while its Forward Dividend ratio is 0.02. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.03 per share this quarter, however they have predicted annual earnings per share of -$0.01 for 2024 and $0.27 for 2025. It means analysts are expecting annual earnings per share growth of 87.50% this year and 2,800.00% next year.
Analysts have forecast the company to bring in revenue of $109 million for the current quarter, with the likely lows of $109 million and highs of $109 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $494.11 million. The company’s revenue is forecast to drop by -13.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of First Majestic Silver Corporation no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AG has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that AG’s price is currently -4.31% off the SMA20 and 15.30% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.01, and weekly volatility stands at 5.91%. When measured over the past 30 days, the indicator reaches 6.76%. First Majestic Silver Corporation (NYSE:AG)’s beta value is currently sitting at 1.36, while the Average True Range indicator is currently displaying 0.45.
To see how First Majestic Silver Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: AG stock’s performance was -2.67% in the latest trading, and -9.53% in the past year.
An evaluation of the daily trading volume of First Majestic Silver Corporation (NYSE:AG) indicates that the 3-month average is 9.13 million.
Currently, records show that 287.15 million of the company’s shares remain outstanding. The insiders hold 2.35% of outstanding shares, whereas institutions hold 29.79%. However, since the stock’s price has seen 6.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
