In today’s recent session, 0.78 million shares of the First Majestic Silver Corporation (NYSE:AG) have been traded, and its beta is 1.35. Most recently the company’s share price was $5.74, and it changed around -$0.07 or -1.12% from the last close, which brings the market valuation of the company to $1.73B. AG at last check was trading at a discount to its 52-week high of $8.44, offering almost -47.04% off that amount. The share price’s 52-week low was $4.17, which indicates that the recent value has risen by an impressive 27.35% since then. We note from First Majestic Silver Corporation’s average daily trading volume that its 10-day average is 6.05 million shares, with the 3-month average coming to 5.68 million.

First Majestic Silver Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2.67. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended AG as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.

First Majestic Silver Corporation (NYSE:AG) trade information

Instantly AG has been showing red trend so far today with a performance of -1.12% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.92 on recent trading dayincreased the stock’s daily price by 3.04%. The company’s shares are currently down -6.59% year-to-date, but still down -0.26% over the last five days. On the other hand, First Majestic Silver Corporation (NYSE:AG) is -3.61% down in the 30-day period. We can see from the shorts that 15.66 million shares have been sold at a short interest cover period of 3.41 day(s).

The consensus price target as assigned by Wall Street analysts is $8.5, which translates to bulls needing to increase their stock price by 32.47% from its current value. Analyst projections state that AG is forecast to be at a low of $8.5 and a high of $8.5.

First Majestic Silver Corporation (AG) estimates and forecasts

First Majestic Silver Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 25.16 percent over the past six months and at a -37.50% annual growth rate that is well below the industry average of 16.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.51%. First Majestic Silver Corporation earnings are expected to increase by -52.08% in 2024, but the outlook is positive 46.80% per year for the next five years.

AG Dividends

First Majestic Silver Corporation’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 0.31 percent and its annual dividend per share was 0.02. It is important to note, however, that the 0.31% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 2.22% of First Majestic Silver Corporation shares, and 39.43% of them are in the hands of institutional investors. The stock currently has a share float of 40.33%. First Majestic Silver Corporation stock is held by 311.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.8005% of the shares, which is about 28.15 million shares worth $166.64 million.

VANGUARD GROUP INC, with 3.6992% or 10.62 million shares worth $62.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Jul 31, 2024. The former held 13.09 shares worth $74.99 million, making up 4.51% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 12.14 shares worth around $69.58 million, which represents about 4.18% of the total shares outstanding.