During the recent session, First Majestic Silver Corporation (NYSE:AG)’s traded shares were 3.17 million, with the beta value of the company hitting 1.16. At the last check today, the stock’s price was $5.87, reflecting an intraday gain of 2.92% or $0.17. The 52-week high for the AG share is $8.44, that puts it down -43.78 from that peak though still a striking 28.79% gain since the share price plummeted to a 52-week low of $4.18. The company’s market capitalization is $2.81B, and the average intraday trading volume over the past 10 days was 19.31 million shares, and the average trade volume was 13.46 million shares over the past three months.
First Majestic Silver Corporation (AG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.33. AG has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
First Majestic Silver Corporation (NYSE:AG) trade information
First Majestic Silver Corporation (AG) registered a 2.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.92% in intraday trading to $5.87, hitting a weekly high. The stock’s 5-day price performance is 4.20%, and it has moved by 4.01% in 30 days. Based on these gigs, the overall price performance for the year is 39.34%. The short interest in First Majestic Silver Corporation (NYSE:AG) is 40.53 million shares and it means that shorts have 1.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.5, which implies an increase of 30.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.5 and $8.5 respectively. As a result, AG is trading at a discount of -44.8% off the target high and -44.8% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.51%. While earnings are projected to return -111.40% in 2025.
AG Dividends
First Majestic Silver Corporation is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for First Majestic Silver Corporation is 0.02, with the dividend yield indicating at 0.31 percent, continuing the trend of increasing dividends in recent years.
First Majestic Silver Corporation (NYSE:AG)’s Major holders
First Majestic Silver Corporation insiders own 0.99% of total outstanding shares while institutional holders control 38.29%, with the float percentage being 38.67%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 326.0 institutions own stock in it. As of 2024-06-30, the company held over 28.15 million shares (or 9.6389% of all shares), a total value of $166.64 million in shares.
The next largest institutional holding, with 10.62 million shares, is of VANGUARD GROUP INC’s that is approximately 3.6992% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $62.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of First Majestic Silver Corporation (AG) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Nov 30, 2024 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 13.31 shares. This amounts to just over 2.78 percent of the company’s overall shares, with a $77.64 million market value. The same data shows that the other fund manager holds slightly less at 11.66, or about 2.43% of the stock, which is worth about $68.04 million.
