In recent trading session, First Majestic Silver Corporation (NYSE:AG) saw 1.58 million shares changing hands at last check today with its beta currently measuring 1.41. Company’s recent per share price level of $5.40 trading at -$0.03 or -0.55% at last check today assigns it a market valuation of $1.55B. That most recent trading price of AG’s stock is at a discount of -49.44% from its 52-week high price of $8.07 and is indicating a premium of 22.78% from its 52-week low price of $4.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.64 million shares which gives us an average trading volume of 7.37 million if we extend that period to 3-months.
First Majestic Silver Corporation (NYSE:AG) trade information
Upright in the red during last session for losing -0.55%, in the last five days AG remained trading in the red while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $5.40 price level, adding 7.06% to its value on the day. First Majestic Silver Corporation’s shares saw a change of -12.20% in year-to-date performance and have moved -4.26% in past 5-day. First Majestic Silver Corporation (NYSE:AG) showed a performance of 20.54% in past 30-days. Number of shares sold short was 20.35 million shares which calculate 2.87 days to cover the short interests.
First Majestic Silver Corporation (AG) estimates and forecasts
Statistics highlight that First Majestic Silver Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 5.06% of value to its shares in past 6 months, showing an annual growth rate of 25.00% while that of industry is 13.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -18.00% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $115 million for the same. And 1 analysts are in estimates of company making revenue of $116 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.51% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -1.77% while estimates for its earnings growth in next 5 years are of 46.80%.
AG Dividends
First Majestic Silver Corporation is more likely to be releasing its next quarterly report between May 02 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
First Majestic Silver Corporation (NYSE:AG)’s Major holders
Insiders are in possession of 2.22% of company’s total shares while institution are holding 35.95 percent of that, with stock having share float percentage of 36.77%. Investors also watch the number of corporate investors in a company very closely, which is 35.95% institutions for First Majestic Silver Corporation that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at AG for having 30.34 million shares of worth $163.55 million. And as of Dec 30, 2023, it was holding 10.57% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 10.27 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 3.57% of outstanding shares, having a total worth of $55.33 million.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and ETF Managers Tr-ETFMG Prime Junior Silver ETF are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 15.17 million shares of worth $81.77 million or 5.28% of the total outstanding shares. The later fund manager was in possession of 12.85 million shares on Dec 30, 2023, making its stake of worth around $69.26 million in the company or a holder of 4.48% of company’s stock.
