First Majestic Silver Corporation (AG) Stock Could Soon Reward Patient Investors

First Majestic Silver Corporation (NYSE: AG) is -25.53% lower on its value in year-to-date trading and has touched a low of $4.38 and a high of $8.07 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 $4.65 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $4.58, the stock is -5.18% and -16.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.43 million and changing -1.51% at the moment leaves the stock -19.92% off its SMA200. AG registered -39.34% loss for a year compared to 6-month loss of -24.79%. The firm has a 50-day simple moving average (SMA 50) of $2.35 and a 200-day simple moving average (SMA200) of -$17.81.

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The stock witnessed a -16.58% gain in the last 1 month and extending the period to 3 months gives it a -3.58%, and is -4.58% 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 2.99% over the week and 4.79% over the month.

First Majestic Silver Corporation (AG) has around Nov 14 2023 employees, a market worth around $1.31B and $585.04M in sales. Profit margin for the company is -27.72%. Distance from 52-week low is 4.57% and -43.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.28%).

First Majestic Silver Corporation quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $126M over the same period.The EPS is expected to grow by 76.61% this year, but quarterly earnings will post -6.10% year-over-year. Quarterly sales are estimated to shrink -15.00% in year-over-year returns.

First Majestic Silver Corporation (AG) Top Institutional Holders

302 institutions hold shares in First Majestic Silver Corporation (AG), with institutional investors hold 36.50% of the company’s shares. The shares outstanding are 286.94M, and float is at 280.20M with Short Float at 6.63%. Institutions hold 35.69% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 28.55 million shares valued at $161.32 million. The investor’s holdings represent 9.95% of the AG Shares outstanding. As of Mar 30, 2023, the second largest holder is ETF Managers Group, LLC with 12.9 million shares valued at $93.03 million to account for 4.50% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.67 million shares representing 3.37% and valued at over $54.65 million, while Mirae Asset Global Investments Co., Ltd. holds 2.29% of the shares totaling 6.57 million with a market value of $37.14 million.

First Majestic Silver Corporation (AG): Who are the competitors?

The company’s main competitors (and peers) include Hecla Mining Co. (HL) that is trading -36.14% down over the past 12 months. Endeavour Silver Corp. (EXK) that is -50.64% lower over the same period.