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These Numbers Show Favorable Signs for First Majestic Silver Corporation (AG)

First Majestic Silver Corporation (NYSE: AG) is 1.14% higher on its value in year-to-date trading and has touched a low of $4.17 and a high of $8.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AG stock was last observed hovering at around $5.88 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $6.22, the stock is 16.35% and 26.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.73 million and changing 5.78% at the moment leaves the stock 13.26% off its SMA200. AG registered -9.46% loss for a year compared to 6-month loss of 22.68%. The firm has a 50-day simple moving average (SMA 50) of $3.23 and a 200-day simple moving average (SMA200) of -$35.93.

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The stock witnessed a 38.53% gain in the last 1 month and extending the period to 3 months gives it a 0.48%, and is 16.26% 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 5.46% over the week and 5.05% over the month.

Fwd P/E is 31.90. Profit margin for the company is -23.55%. Distance from 52-week low is 49.16% and -22.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.46%).

First Majestic Silver Corporation quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $115M over the same period.The EPS is expected to grow by 21.14% this year, but quarterly earnings will post -18.30% year-over-year.

First Majestic Silver Corporation (AG) Top Institutional Holders

301 institutions hold shares in First Majestic Silver Corporation (AG), with institutional investors hold 36.77% of the company’s shares. The shares outstanding are 287.15M, and float is at 280.48M with Short Float at 7.11%. Institutions hold 35.95% 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.

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