Following The Money: Institution’s Growing Stake In First Majestic Silver Corporation (NYSE: AG)

First Majestic Silver Corporation (AG) concluded trading on Wednesday at a closing price of $4.45, with 5.83 million shares of worth about $25.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.45% during that period and on Wednesday the price saw a loss of about -1.77%. Currently the company’s common shares owned by public are about 286.94M shares, out of which, 280.20M shares are available for trading.

However, the stock later moved at a day high price of 4.5150, or with a loss of -1.77%. Stock saw a price change of 5.70% in past 5 days and over the past one month there was a price change of -8.81%. Year-to-date (YTD), AG shares are showing a performance of -27.64% which decreased to -37.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.17 but also hit the highest price of $8.07 during that period. The average intraday trading volume for First Majestic Silver Corporation shares is 6.69 million. The stock is currently trading -4.27% below its 20-day simple moving average (SMA20), while that difference is down -15.92% for SMA50 and it goes to -20.96% lower than SMA200.

First Majestic Silver Corporation (NYSE: AG) currently have 286.94M outstanding shares and institutions hold larger chunk of about 29.45% of that.

The stock has a current market capitalization of $1.28B and its 3Y-monthly beta is at 1.41. It has posted earnings per share of -$0.59 in the same period. It has Quick Ratio of 2.37 while making debt-to-equity ratio of 0.19. 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 3.52% while standing at 4.08% over the month.

Analysts are in expectations that First Majestic Silver Corporation (AG) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is $0 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 -$0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 76.64% while it is estimated to decrease by -14.76% in next year. EPS is likely to grow at an annualized rate of 46.80% for next 5-years, compared to annual growth of -6.30% made by the stock over the past 5-years.

Stock get a Neutral rating from B. Riley FBR on March 01, 2019.

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