First Majestic Silver Corporation (NYSE:AG)’s traded shares stood at 3.36 million during the last session, with the company’s beta value hitting 1.29. At the last check today, the stock’s price was $6.45, to imply a decrease of -0.08% or $0.0 in intraday trading. The AG share’s 52-week high remains $8.44, putting it -30.85% down since that peak but still an impressive 35.35% since price per share fell to its 52-week low of $4.17. The company has a valuation of $2.74B, with an average of 10.6 million shares in intraday trading volume over the past 10 days and average of 10.07 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for First Majestic Silver Corporation (AG), translating to a mean rating of 2.20. Of 4 analyst(s) looking at the stock, 0 analyst(s) give AG a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.
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First Majestic Silver Corporation (NYSE:AG) trade information
After registering a -0.08% downside in the latest session, First Majestic Silver Corporation (AG) has traded red over the past five days. The 5-day price performance for the stock is -0.39%, and 1.82% over 30 days. With these gigs, the year-to-date price performance is 4.80%. Short interest in First Majestic Silver Corporation (NYSE:AG) saw shorts transact 30.41 million shares and set a 2.98 days time to cover.
The extremes give us $8.5 and $8.5 for target low and target high price respectively. As such, AG has been trading -31.78% off suggested target high and -31.78% from its likely low.
First Majestic Silver Corporation (AG) estimates and forecasts
Looking at statistics comparing First Majestic Silver Corporation share performance against respective industry, we note that the company has underperformed competitors. First Majestic Silver Corporation (AG) shares are -18.83% down over the last 6 months, with its year-to-date growth rate lower than industry average at -112.50% against 37.30%. The rating firms project that company’s revenue will grow 32.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 227.53M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 764.76M.Earnings reports from the last fiscal year show that sales brought in 184.87M and 774.59M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 23.08% before dropping -1.27% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.51% for the past 5-year period. While 2024 is set for a -89.82% return in earnings, projections for the next 5 years are at 46.80% annually.
AG Dividends
First Majestic Silver Corporation has its next earnings report out on 2025-Feb-20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. First Majestic Silver Corporation has a forward dividend ratio of 0.02, with the share yield ticking at 0.27% to continue the rising pattern observed over the past year.
First Majestic Silver Corporation (NYSE:AG)’s Major holders
First Majestic Silver Corporation insiders hold 1.47% of total outstanding shares, with institutional holders owning 42.88% of the shares at 43.52% float percentage. In total, 42.88% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 28.15 million shares (or 9.8005% of shares), all amounting to roughly $166.64 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 10.62 million shares, or about 3.6992% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $62.9 million.
