First Majestic Silver Corporation (NYSE:AG) Is Now 28.35% Above Its 52-Week Low. How Long Will It Continue To Rise?

In recent trading session, First Majestic Silver Corporation (NYSE:AG) saw 5.77 million shares changing hands at last check today with its beta currently measuring 1.25. Company’s recent per share price level of $5.82 trading at -$0.17 or -2.84% at last check today assigns it a market valuation of $2.79B. That most recent trading price of AG’s stock is at a discount of -45.02% from its 52-week high price of $8.44 and is indicating a premium of 28.35% 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 18.58 million shares which gives us an average trading volume of 12.02 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 0.04 in the current quarter.

First Majestic Silver Corporation (NYSE:AG) trade information

Upright in the red during last session for losing -2.84%, in the last five days AG remained trading in the green while hitting it’s week-highest on Thursday, 01/30/25 when the stock touched $5.82 price level, adding 3.64% to its value on the day. First Majestic Silver Corporation’s shares saw a change of 6.01% in year-to-date performance and have moved 3.56% in past 5-day. First Majestic Silver Corporation (NYSE:AG) showed a performance of 7.98% in past 30-days. Number of shares sold short was 40.53 million shares which calculate 3.34 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 31.53% to its recent value today. 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 -46.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -46.05% 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 lost -5.83% of value to its shares in past 6 months, showing an annual growth rate of -100.00% while that of industry is 47.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 1.94% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 229.15M for the same.

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.

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

Insiders are in possession of 0.90% of company’s total shares while institution are holding 36.08 percent of that, with stock having share float percentage of 36.41%. Investors also watch the number of corporate investors in a company very closely, which is 36.08% 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.

On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 13.31 shares of worth $77.77 million or 2.78% of the total outstanding shares. The later fund manager was in possession of 11.66 shares on Nov 30, 2024, making its stake of worth around $68.16 million in the company or a holder of 2.43% of company’s stock.