First Majestic Silver Corp. (AG) concluded trading on 09/13/23 at a closing price of $5.54, with 3.59 million shares of worth about $19.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.74% during that period and on Wednesday the price saw a gain of about 0.73%. Currently the company’s common shares owned by public are about 286.87M shares, out of which, 280.20M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the AG stock and their offered price forecasts bring an average price target of $9.02. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.00 and could fall to a lowest price of $7.00. However, touching the estimated high of $12.00 would mean a gain of 53.83% for the stock.
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First Majestic Silver Corp. (NYSE: AG) started trading at $5.51, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 5.59, or with a gain of 0.73%. Stock saw a price change of -2.46% in past 5 days and over the past one month there was a price change of -9.92%. Year-to-date (YTD), AG shares are showing a performance of -33.57% which decreased to -34.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.24 but also hit the highest price of $9.81 during that period. The average intraday trading volume for First Majestic Silver Corp. shares is 4.25 million. The stock is currently trading -5.81% below its 20-day simple moving average (SMA20), while that difference is down -9.45% for SMA50 and it goes to -20.37% lower than SMA200.
First Majestic Silver Corp. (NYSE: AG) currently have 286.87M outstanding shares and institutions hold larger chunk of about 35.99% of that.
The stock has a current market capitalization of $1.59B and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$0.57 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AG, volatility over the week remained 2.75% while standing at 3.30% over the month.
Analysts are in expectations that First Majestic Silver Corp. (AG) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.41 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 123.80% while it is estimated to increase by 720.00% in next year. EPS is likely to grow at an annualized rate of 46.80% for next 5-years, compared to annual growth of -33.08% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the First Majestic Silver Corp. (AG)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 5 Wall Street analysts, 1 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
