During the recent session, First Majestic Silver Corp. (NYSE:AG)’s traded shares were 1.87 million. At the last check today, the stock’s price was $12.44, reflecting an intraday gain of 1.92% or $0.23. The 52-week high for the AG share is $24.01, that puts it down -93.01 from that peak though still a striking 22.67% gain since the share price plummeted to a 52-week low of $9.62. The company’s market capitalization is $3.07B, and the average intraday trading volume over the past 10 days was 4.23 million shares, and the average trade volume was 3.87 million shares over the past three months.
First Majestic Silver Corp. (AG) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.30. AG has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.01.
First Majestic Silver Corp. (NYSE:AG) trade information
First Majestic Silver Corp. (AG) registered a 1.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.92% in intraday trading to $12.44 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is 10.90%, and it has moved by -4.98% in 30 days. Based on these gigs, the overall price performance for the year is 15.95%. The short interest in First Majestic Silver Corp. (NYSE:AG) is 17.95 million shares and it means that shorts have 4.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $16.27, which implies an increase of 23.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.64 and $25.00 respectively. As a result, AG is trading at a discount of -100.96% off the target high and 14.47% off the low.
First Majestic Silver Corp. (AG) estimates and forecasts
Statistics show that First Majestic Silver Corp. has outperformed its competitors in share price, compared to the industry in which it operates. First Majestic Silver Corp. (AG) shares have gone down -27.62% during the last six months, with a year-to-date growth rate more than the industry average at 55.56% against 23.00. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -50.00% this quarter and then jump 200.00% in the quarter after that. In the rating firms’ projections, revenue will increase 37.80% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -31.03%. While earnings are projected to return 250.00% in 2021, the next five years will return 46.80% per annum.
First Majestic Silver Corp. is due to release its next quarterly earnings between November 03 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for First Majestic Silver Corp. is 0.02, with the dividend yield indicating at 0.16 percent, continuing the trend of increasing dividends in recent years.
First Majestic Silver Corp. (NYSE:AG)’s Major holders
First Majestic Silver Corp. insiders own 15.58% of total outstanding shares while institutional holders control 34.46%, with the float percentage being 40.82%. Van Eck Associates Corporation is the largest shareholder of the company, while 283 institutions own stock in it. As of Jun 29, 2021, the company held over 27.77 million shares (or 10.83% of all shares), a total value of $439.08 million in shares.
The next largest institutional holding, with 7.86 million shares, is of ETF Managers Group, LLC’s that is approximately 3.06% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $124.24 million.
Also, the Mutual Funds coming in first place with the largest holdings of First Majestic Silver Corp. (AG) shares are VanEck Vectors ETF Tr-Junior Gold Miners ETF and VanEck Vectors ETF Tr-Gold Miners ETF. Data provided on Jun 29, 2021 indicates that VanEck Vectors ETF Tr-Junior Gold Miners ETF owns about 13.16 million shares. This amounts to just over 5.13 percent of the company’s overall shares, with a $208.01 million market value. The same data shows that the other fund manager holds slightly less at 12.68 million, or about 4.94% of the stock, which is worth about $200.48 million.