The First Majestic Silver Corp. (NYSE:AG) is going up by 1.08% in today’s trading session, a rise equivalent to 0.11% of the stock’s price from yesterday’s market close. A news came out on 11/07/19 stating that First Majestic Reports Third Quarter Financial Results by WSJ. The lowest point that the shares touched during the trading session was $9.565, while the peak of the day was recorded at a share price of $10.425. AG finished the previous session at $9.69 according to the data provided by Barchart, while the trading volume was observed to be $2433364.
In the 100 days of trading, AG managed to top a 9.69% Moving average. Additionally, First Majestic Silver Corp. shares have achieved a 52-week range between 4.59 and 11.62 alongside 100 days raw stochastic set at 56.99%.
The number of shares outstanding, according to the fundamentals of the company, is set at 203.42M, equal to the value of $1.97B in market capitalization. In the last 30 days, First Majestic Silver Corp. shares went down by -10.45%, adding 11.00 to growth in value, on top of a +7.53% boost since 10/08/19.
First Majestic Silver Corp. (NYSE:AG) Analyst’s Estimates
First Majestic Silver Corp. (AG) could record at least -$0.02 per share in quarterly earnings in the upcoming report on 02/26/2020, a number that would actually represent an increase of 0.06 YOY.
According to the average analyst rating, First Majestic Silver Corp. would be rated as Overweight. Out of 8 different analysts monitoring AG stock, 3 analysts rate the stock as a BUY, 4 suggest to give the rating of HOLD, 1 indicate that AG is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On March 01, 2019, the stock earned a Initiated rating due to a new analyst call from B. Riley FBR, while analysts from TD Securities believe that the stock is set at Buy from Hold, as concluded on May 15, 2018. BMO Capital Markets, is still rather wary about the stock, deciding to keep the rating at Market Perform as confirmed through a call on May 14, 2018.
Regardless of the rating, ROTH Capital did increase their price to $9 as they are considering target share price analysis. National Bank Financial, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on January 26, 2018, giving the stock a Sector Perform from the Outperform rating.
AG Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of -4.74% has been attained, while the operating margin has been recorded at -14.52%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -23.59%. Additionally, First Majestic Silver Corp. is recording price volatility of 4.98% for the period of the last seven days and 4.39% in the last 30 days.
First Majestic Silver Corp. (NYSE:AG) Technical Outlook
For the period of the last 50 days, First Majestic Silver Corp. had its Raw Stochastic average set at 34.69% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 37.50%. Stochastic %K for First Majestic Silver Corp., with the last 20 days included, was set at 40.58%, having Stochastic %D topping 49.88%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for First Majestic Silver Corp. stocks with recording 64.52% in metrics.
First Majestic Silver Corp. Insider Watch:
The top three institutional holders of AG stocks are: Van Eck Associates Corporation with ownership of $185.0 million, which is approximately 23429833 of the company’s shares; Morgan Stanley, holding 5280691 shares of the stock with an approximate value of $41.0 million; and Vanguard Group, Inc. (The), currently with more than 4299575 shares of the company valued at $34.0 million. Positions in First Majestic Silver Corp. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.