First Majestic Silver Corp. (NYSE: AG) is -16.19% lower on its value in year-to-date trading and has touched a low of $5.85 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 $6.79 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $8.25 for the next 12 months. It is also 41.75% off the consensus price target high of $12.00 offered by 5 analysts, but current levels are 13.92% higher than the price target low of $8.12 for the same period.
Currently trading at $6.99, the stock is 6.37% and -7.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.36 million and changing 2.95% at the moment leaves the stock -12.24% off its SMA200. AG registered -47.80% loss for a year compared to 6-month loss of -17.47%.
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The stock witnessed a -4.38% gain in the last 1 month and extending the period to 3 months gives it a -21.55%, and is 13.66% 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 5.05% over the week and 4.06% over the month.
Fwd P/E is 699.00. Distance from 52-week low is 19.49% and -52.09% 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 “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.30, where 3 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 -1200.00% this year.
First Majestic Silver Corp. (AG) Top Institutional Holders
The shares outstanding are 272.58M, and float is at 267.76M with Short Float at 5.41%.
First Majestic Silver Corp. (AG): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading -18.04% down over the past 12 months and Endeavour Silver Corp. (EXK) that is -42.19% lower over the same period. Pan American Silver Corp. (PAAS) is -37.53% down on the 1-year trading charts.