First Majestic Silver Corp. (NYSE:AG) has a beta value of 0 and has seen 3,136,367 shares traded in the recent trading session. The company, currently valued at $3.55 Billion, closed the recent trade at $15.85 per share which meant it gained $0.76 on the day or 5.07% during that session. The AG stock price is -51.48% off its 52-week high price of $24.01 and 54.57% above the 52-week low of $7.2. If we look at the companys 10-day average daily trading volume, we find that it stood at 3.62 Million shares traded. The 3-month trading volume is 5.21 Million shares.
The consensus among analysts is that First Majestic Silver Corp. (AG) is a Hold stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 6 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
First Majestic Silver Corp. (NYSE:AG) trade information
Sporting 5.07% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the AG stock price touched $16.13- or saw a rise of 1.62%. Year-to-date, First Majestic Silver Corp. shares have moved 18.08%, while the 5-day performance has seen it change -0.44%. Over the past 30 days, the shares of First Majestic Silver Corp. (NYSE:AG) have changed -3.41%. Short interest in the company has seen 16.73 Million shares shorted with days to cover at 3.21.
Wall Street analysts have a consensus price target for the stock at $16.68, which means that the shares value could jump 5.24% from the levels at last check today. The projected low price target is $11.7 while the price target rests at a high of $21.14. In that case, then, we find that the latest price level in todays session is +33.38% off the targeted high while a plunge would see the stock lose -26.18% from the levels at last check today.
First Majestic Silver Corp. (AG) estimates and forecasts
Figures show that First Majestic Silver Corp. shares have outperformed across the wider relevant industry. The companys shares have gained +51.51% over the past 6 months, with this year growth rate of 44.44%, compared to 34.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -50% and 200% for the next quarter. Revenue growth from the last financial year stood is estimated to be +37.8%.
If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -31.03% over the past 5 years. Earnings growth for 2021 is a modest +250% while over the next 5 years, the companys earnings are expected to increase by 46.8%.
First Majestic Silver Corp. (NYSE:AG)s Major holders
Insiders own 5.09% of the company shares, while shares held by institutions stand at 38.44% with a share float percentage of 40.5%. Investors are also buoyed by the number of investors in a company, with First Majestic Silver Corp. having a total of 264 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 23.75 Million shares worth more than $319.18 Million. As of December 30, 2020, Van Eck Associates Corporation held 10.66% of shares outstanding.
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The other major institutional holder is Susquehanna International Group, LLP, with the holding of over 7.96 Million shares as of December 30, 2020. The firms total holdings are worth over $106.99 Million and represent 3.57% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 4.9% shares in the company for having 10911169 shares of worth $170Million while later fund manager owns 9.59 Million shares of worth $149.45 Million as of March 30, 2021, which makes it owner of about 4.31% of company’s outstanding stock.