The stock of First Majestic Silver Corporation (NYSE: AG) has decreased by -0.08 when compared to last closing price of 6.15.Despite this, the company has seen a gain of 0.57% in its stock price over the last five trading days. newsfilecorp.com reported 2024-06-13 that Vancouver, British Columbia–(Newsfile Corp. – June 13, 2024) – First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the “Company” or “First Majestic”) is pleased to announce positive drilling results from its 2024 exploration program at the San Dimas Silver/Gold Mine located in Durango State, Mexico. The drill program was designed to test new silver and gold mineral targets, add Mineral Resources, and convert Mineral Resources to Mineral Reserves.
Is It Worth Investing in First Majestic Silver Corporation (NYSE: AG) Right Now?
Moreover, the 36-month beta value for AG is 1.33. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for AG is 284.32M and currently, short sellers hold a 6.47% of that float. On June 24, 2024, AG’s average trading volume was 8.99M shares.
AG’s Market Performance
AG’s stock has seen a 0.57% increase for the week, with a -14.77% drop in the past month and a 14.86% gain in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 4.25% for First Majestic Silver Corporation. The simple moving average for the past 20 days is -7.54% for AG’s stock, with a 6.34% simple moving average for the past 200 days.
AG Trading at -11.51% from the 50-Day Moving Average
After a stumble in the market that brought AG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.19% of loss for the given period.
Volatility was left at 4.25%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -12.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.80% lower at present.
During the last 5 trading sessions, AG rose by +0.57%, which changed the moving average for the period of 200-days by +8.19% in comparison to the 20-day moving average, which settled at $6.60. In addition, First Majestic Silver Corporation saw -0.08% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AG
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.05 for the gross margin
The net margin for First Majestic Silver Corporation stands at -0.09. The total capital return value is set at -0.03. Equity return is now at value -3.60, with -2.44 for asset returns.
Based on First Majestic Silver Corporation (AG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -3.76.
Currently, EBITDA for the company is 79.27 million with net debt to EBITDA at 2.19. When we switch over and look at the enterprise to sales, we see a ratio of 3.68. The receivables turnover for the company is 11.02for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
To wrap up, the performance of First Majestic Silver Corporation (AG) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
