Following Its 52-Week Low, First Majestic Silver Corporation (NYSE: AG)’S Share Price Rose 44.47% And Its YTD Numbers Rise 22.11%

During the last session, First Majestic Silver Corporation (NYSE:AG)’s traded shares were 24.27 million, with the beta value of the company hitting 1.43. At the end of the trading day, the stock’s price was $7.51, reflecting an intraday gain of 16.61% or $1.07. The 52-week high for the AG share is $8.07, that puts it down -7.46 from that peak though still a striking 44.47% gain since the share price plummeted to a 52-week low of $4.17. The company’s market capitalization is $2.16B, and the average intraday trading volume over the past 10 days was 10.23 million shares, and the average trade volume was 7.63 million shares over the past three months.

First Majestic Silver Corporation (NYSE:AG) trade information

First Majestic Silver Corporation (AG) registered a 16.61% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.61% in intraday trading to $7.51, hitting a weekly high. The stock’s 5-day price performance is 43.05%, and it has moved by 50.50% in 30 days. Based on these gigs, the overall price performance for the year is 4.16%. The short interest in First Majestic Silver Corporation (NYSE:AG) is 19.95 million shares and it means that shorts have 2.61 day(s) to cover.

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First Majestic Silver Corporation (AG) estimates and forecasts

Statistics show that First Majestic Silver Corporation has outperformed its competitors in share price, compared to the industry in which it operates. First Majestic Silver Corporation (AG) shares have gone up 51.72% during the last six months, with a year-to-date growth rate more than the industry average at 25.00% against 20.30. In the rating firms’ projections, revenue will decrease -14.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $124 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $116 million by the end of Jun 2024.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.51%. While earnings are projected to return 23.36% in 2024, the next five years will return 46.80% per annum.

AG Dividends

First Majestic Silver Corporation is due to release its next quarterly earnings between May 02 and May 06. 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 Corporation is 0.02, with the dividend yield indicating at 0.27 percent, continuing the trend of increasing dividends in recent years.

First Majestic Silver Corporation (NYSE:AG)’s Major holders

First Majestic Silver Corporation insiders own 2.22% of total outstanding shares while institutional holders control 35.95%, with the float percentage being 36.77%. Van Eck Associates Corporation is the largest shareholder of the company, while 301 institutions own stock in it. As of Jun 29, 2023, the company held over 28.55 million shares (or 9.95% of all shares), a total value of $161.32 million in shares.

The next largest institutional holding, with 12.9 million shares, is of ETF Managers Group, LLC’s that is approximately 4.50% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $93.03 million.

Also, the Mutual Funds coming in first place with the largest holdings of First Majestic Silver Corporation (AG) shares are VanEck ETF Trust-VanEck Gold Miners ETF and ETF Managers Tr-ETFMG Prime Junior Silver ETF. Data provided on Sep 29, 2023 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 15.26 million shares. This amounts to just over 5.32 percent of the company’s overall shares, with a $78.31 million market value. The same data shows that the other fund manager holds slightly less at 12.88 million, or about 4.49% of the stock, which is worth about $72.79 million.