In last trading session, First Majestic Silver Corporation (NYSE:AG) saw 19.22 million shares changing hands with its beta currently measuring 1.35. Company’s recent per share price level of $7.30 trading at $0.97 or 15.32% at ring of the bell on the day assigns it a market valuation of $2.20B. That closing price of AG’s stock is at a discount of -15.62% from its 52-week high price of $8.44 and is indicating a premium of 42.88% 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 8.43 million shares which gives us an average trading volume of 8.46 million if we extend that period to 3-months.
For First Majestic Silver Corporation (AG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
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First Majestic Silver Corporation (NYSE:AG) trade information
Upright in the green during last session for gaining 15.32%, in the last five days AG remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $7.30 price level, adding 0.95% to its value on the day. First Majestic Silver Corporation’s shares saw a change of 18.70% in year-to-date performance and have moved 11.96% in past 5-day. First Majestic Silver Corporation (NYSE:AG) showed a performance of 20.66% in past 30-days. Number of shares sold short was 28.42 million shares which calculate 2.44 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8.5 to the stock, which implies a rise of 14.12% to its current value. Analysts have been projecting 8.5 as a low price target for the stock while placing it at a high target of 8.5. It follows that stock’s current price would drop -16.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.44% for stock’s current value.
First Majestic Silver Corporation (AG) estimates and forecasts
Statistics highlight that First Majestic Silver Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added 8.47% of value to its shares in past 6 months, showing an annual growth rate of -62.50% while that of industry is 16.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -8.10% 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 136M for the same. And 1 analysts are in estimates of company making revenue of 148M in the next quarter.
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 -43.75% while estimates for its earnings growth in next 5 years are of 46.80%.
First Majestic Silver Corporation (NYSE:AG)’s Major holders
Insiders are in possession of 1.48% of company’s total shares while institution are holding 37.79 percent of that, with stock having share float percentage of 38.35%. Investors also watch the number of corporate investors in a company very closely, which is 37.79% institutions for First Majestic Silver Corporation that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at AG for having 28.15 million shares of worth $166.64 million. And as of 2024-06-30, it was holding 9.8005 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 10.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.6992 of outstanding shares, having a total worth of $62.9 million.
