First Majestic Silver Corp. (NYSE: AG) is -24.48% lower on its value in year-to-date trading and has touched a low of $6.31 and a high of $14.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AG stock was last observed hovering at around $7.62 in the last trading session, with the day’s gains setting it 0.77% off its average median price target of $9.65 for the next 12 months. It is also 30.08% off the consensus price target high of $12.00 offered by 6 analysts, but current levels are -18.17% lower than the price target low of $7.10 for the same period.
Currently trading at $8.39, the stock is 11.86% and 10.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.28 million and changing 10.10% at the moment leaves the stock -13.56% off its SMA200. AG registered -26.01% loss for a year compared to 6-month loss of -38.22%.
The stock witnessed a 19.86% gain in the last 1 month and extending the period to 3 months gives it a 22.30%, and is 28.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.38% over the week and 5.69% over the month.
Current P/E ratio is 4195.00 and Fwd P/E is 20.46. Distance from 52-week low is 32.96% and -42.81% from its 52-week high.
First Majestic Silver Corp. (AG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for First Majestic Silver Corp. (AG) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 2.30, where 4 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -550.00% this year.
First Majestic Silver Corp. (AG) Top Institutional Holders
The shares outstanding are 262.76M, and float is at 236.83M with Short Float at 7.90%.
First Majestic Silver Corp. (AG): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading -22.08% down over the past 12 months and Endeavour Silver Corp. (EXK) that is -15.72% lower over the same period. Pan American Silver Corp. (PAAS) is -26.97% down on the 1-year trading charts.