During the recent session, First Majestic Silver Corporation (NYSE:AG)’s traded shares were 1.06 million, with the beta value of the company hitting 1.40. At the last check today, the stock’s price was $5.01, reflecting an intraday gain of 1.52% or $0.08. The 52-week high for the AG share is $8.44, that puts it down -68.46 from that peak though still a striking 16.77% gain since the share price plummeted to a 52-week low of $4.17. The company’s market capitalization is $1.51B, and the average intraday trading volume over the past 10 days was 7.19 million shares, and the average trade volume was 6.29 million shares over the past three months.

First Majestic Silver Corporation (AG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.67. AG has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 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 0.02.

First Majestic Silver Corporation (NYSE:AG) trade information

First Majestic Silver Corporation (AG) registered a 1.52% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.52% in intraday trading to $5.01, hitting a weekly high. The stock’s 5-day price performance is -1.09%, and it has moved by -24.85% in 30 days. Based on these gigs, the overall price performance for the year is -16.58%. The short interest in First Majestic Silver Corporation (NYSE:AG) is 17.64 million shares and it means that shorts have 3.47 day(s) to cover.

The consensus price target of analysts on Wall Street is $8.5, which implies an increase of 41.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.5 and $8.5 respectively. As a result, AG is trading at a discount of -69.66% off the target high and -69.66% off the low.

First Majestic Silver Corporation (AG) estimates and forecasts

Statistics show that First Majestic Silver Corporation has underperformed its competitors in share price, compared to the industry in which it operates. First Majestic Silver Corporation (AG) shares have gone up 7.63% during the last six months, with a year-to-date growth rate less than the industry average at -37.50% against 22.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 150.00% this quarter and then jump 233.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -9.30% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 136M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 148M by the end of current fiscal year.

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 -62.50% 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 2024-Oct-31. 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 0.36 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 37.79%, with the float percentage being 38.66%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 305.0 institutions own stock in it. As of 2024-03-31, the company held over 31.88 million shares (or 11.2905% of all shares), a total value of $187.43 million in shares.

The next largest institutional holding, with 10.45 million shares, is of VANGUARD GROUP INC’s that is approximately 3.7019% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $61.46 million.