First Majestic Silver Corporation (NYSE:AG) has a beta value of 1.35 and has seen 11.99 million shares traded in the last trading session. The company, currently valued at $1.95B, closed the last trade at $6.48 per share which meant it gained $0.43 on the day or 7.11% during that session. The AG stock price is -30.25% off its 52-week high price of $8.44 and 35.65% above the 52-week low of $4.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.89 million shares traded. The 3-month trading volume is 7.17 million shares.
The consensus among analysts is that First Majestic Silver Corporation (AG) is Hold stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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First Majestic Silver Corporation (NYSE:AG) trade information
Sporting 7.11% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AG stock price touched $6.48 or saw a rise of 0.92%. Year-to-date, First Majestic Silver Corporation shares have moved 5.37%, while the 5-day performance has seen it change 6.40%. Over the past 30 days, the shares of First Majestic Silver Corporation (NYSE:AG) have changed 12.11%. Short interest in the company has seen 17.53 million shares shorted with days to cover at 2.57.
Wall Street analysts have a consensus price target for the stock at $8.5, which means that the shares’ value could jump 23.76% from current levels. The projected low price target is $8.5 while the price target rests at a high of $8.5. In that case, then, we find that the current price level is -31.17% off the targeted high while a plunge would see the stock gain -31.17% from current levels.
First Majestic Silver Corporation (AG) estimates and forecasts
Figures show that First Majestic Silver Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 21.80% over the past 6 months, with this year growth rate of -62.50%, compared to 15.30% for the industry. Revenue growth from the last financial year stood is estimated to be -8.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of 136M for the current quarter. 1 have an estimated revenue figure of 148M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.51% over the past 5 years. Earnings growth for 2024 is a modest -110.42% while over the next 5 years, the company’s earnings are expected to increase by 46.80%.
AG Dividends
First Majestic Silver Corporation is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.02 at a share yield of 0.27%. The company’s dividend yield has gone up over the past 12 months.
First Majestic Silver Corporation (NYSE:AG)’s Major holders
Insiders own 2.14% of the company shares, while shares held by institutions stand at 38.25% with a share float percentage of 39.08%. Investors are also buoyed by the number of investors in a company, with First Majestic Silver Corporation having a total of 312.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 28.15 million shares worth more than $166.64 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 9.8005% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $62.9 million and represent 3.6992% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF . As of Jul 31, 2024 , the former fund manager holds about 4.34% shares in the company for having 13.09 shares of worth $84.79 million while later fund manager owns 12.14 shares of worth $78.68 million as of Jul 31, 2024 , which makes it owner of about 4.03% of company’s outstanding stock.
