First Majestic Silver Corporation (NYSE:AG) traded at $6.85 at close of the session on Monday, April 29, made a downward move of -2.70% on its previous day’s price.
Looking at the stock we see that its previous close was $7.04. In terms of its 52-week price range, AG has a high of $8.44 and a low of $4.17. The company’s stock has gained about 16.50% over that past 30 days.
First Majestic Silver Corporation has a market cap of $1.97 billion. With its Forward Dividend at 0.02 and a yield of 0.29%, the company’s investors could be anxious for the AG stock to gain ahead of the earnings release.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AG stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 75% Buy.
Looking further, we note the current price level is -4.64% off its SMA20 and 15.76% from its 50-day simple moving average. The RSI (14) is pointing at 53.43 while the volatility over the past week is 5.18% and jumps to 6.76% over the past one month. The beta value is 1.39, while the average true range (ATR) is currently pointing at 0.42.
Coming back to First Majestic Silver Corporation (NYSE:AG), we note that the average 3-month trading volume was 9.27 million. Current shares outstanding are 287.15 million.
The insiders hold 2.35% of the company’s shares while institutions hold 29.76%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.38% up in year-to-date price movement.
