First Majestic Silver Corp. (NYSE: AG) is -3.36% lower on its value in year-to-date trading and has touched a low of $6.31 and a high of $14.59 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 $8.18 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $9.24 for the next 12 months. It is also 32.83% off the consensus price target high of $12.00 offered by 6 analysts, but current levels are -20.12% lower than the price target low of $6.71 for the same period.
Currently trading at $8.06, the stock is -6.80% and -9.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.8 million and changing -1.47% at the moment leaves the stock -6.46% off its SMA200. AG registered -32.15% loss for a year compared to 6-month gain of 19.05%.
The stock witnessed a -2.30% loss in the last 1 month and extending the period to 3 months gives it a 8.48%, and is -8.93% down 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 3.82% over the week and 4.13% over the month.
Current P/E ratio is 4030.00 and Fwd P/E is 27.79. Distance from 52-week low is 27.73% and -44.76% 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.
First Majestic Silver Corp. is expected to release its quarterly report on 05/11/2023.The EPS is expected to shrink by -850.00% this year.
First Majestic Silver Corp. (AG) Top Institutional Holders
The shares outstanding are 272.58M, and float is at 239.66M with Short Float at 5.72%.
First Majestic Silver Corp. (AG): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading 8.34% up over the past 12 months and Endeavour Silver Corp. (EXK) that is -23.55% lower over the same period. Pan American Silver Corp. (PAAS) is -23.20% down on the 1-year trading charts.